Funding & Finance

Issues & Modes / Funding & Finance

Federal, state, and local governments all play a significant role in funding $300 billion in annual transportation spending. The federal government supplies important capital funding for highways, transit systems, airports, waterways, and ports while also operating the nation’s air traffic control system. State and local governments have an equally important task to invest in and operate their transportation networks and rely on a broad range of revenue sources, from general revenues and debt, to fuel taxes, fees, and tolls.

White House Endorses 3-Month Gasoline Tax Holiday

President Biden today endorsed a three-month suspension of the 18.4 cent-per-gallon federal excise tax on gasoline. The President made...

Biden Calls on Congress to Enact 3-month Gas Tax Holiday

“All this does is make the trust fund even more dependent on the general fund [for maintaining roads and bridges], as opposed to...

House Appropriators Approve Spending Plan for FY23

Today, the House Appropriations Committee approved a plan to subdivide $1.6 trillion in discretionary spending for fiscal year 2023...

House Subcommittee Approves FY23 DHS Funding

This week, the House Homeland Security Appropriations Subcommittee approved a draft bill providing $60.3 billion in discretionary...

House Appropriators Release First Half of FY 2023 Spending Bills

The House Appropriations Committee has released the text of the first six of the twelve annual spending bills for fiscal year 2023 to...

FHWA Solicits Applications for $2.4B in Bridge Project Funding

This morning, the Federal Highway Administration opened the process of giving out the first $2.36 billion of a five-year, $12+ billion...

Gas Prices, Adjusted for Inflation, Now Highest Since 2008

The U.S. Energy Information Administration reported this week that the average retail price of a gallon of gasoline rose to $4.55 on...

Annual Update: Lost Gas Tax Purchasing Power, 2021 Edition

With the related release of the final 2021 highway construction cost inflation number by the Federal Highway Administration, we can...

FY23 Appropriations Process Begins in House

The annual appropriations process for fiscal year 2023 started in the House of Representatives this week when the House on June 8...

Highway Construction Costs Jumped At Least 7.3 Percent in 2021

The Federal Highway Administration this week released the last highway construction cost inflation data for calendar year 2021, and the...

Webinar: The IIJA in Play: Six Months Later

In November 2021, President Biden signed the Infrastructure Investment and Jobs Act (IIJA), the single largest infrastructure spending...

The Creation of Contract Authority, June 1922

(Some of this material was originally published in Transportation Weekly on October 10, 2007) One hundred years ago this week, a...

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