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Author: Robert S. Kirk
Publisher:
ISBN:
Category : Motor fuels
Languages : en
Pages : 23
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Book Description
Author: Robert S. Kirk
Publisher:
ISBN:
Category : Motor fuels
Languages : en
Pages : 23
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Book Description
Author: American Association of State Highway and Transportation Officials. Standing Committee on Finance and Administration
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 80
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Book Description
This report lays out the long term funding strategies and corresponding steps that our nation must take in order to sustain and improve upon our world-class transportation system for the next fifty years.
Author: United States. Congress. House. Committee on the Budget
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 72
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Author:
Publisher:
ISBN:
Category : Local transit
Languages : en
Pages : 36
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Author: Robert S. Kirk
Publisher: Createspace Independent Pub
ISBN: 9781481145060
Category : Transportation
Languages : en
Pages : 40
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Book Description
On July 6, 2012, President Barack Obama signed the Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141). The act authorized spending on federal highway and public transportation programs, surface transportation safety and research, and some rail programs and activities through September 30, 2014. MAP-21 authorized roughly $105 billion for FY2013 and FY2014 combined. It also extended FY2012 surface transportation authorizations to the end of the fiscal year, raising the total authorization to approximately $118 billion. Most of the funding for surface transportation bills has been drawn from the highway trust fund (HTF) since its creation in 1956, but the HTF, which receives revenue mainly from federal motor fuel taxes, has experienced declining revenue due to a sluggish economy and improvements in vehicle fuel efficiency. For the past several years, HTF revenue has been insufficient to finance the government's surface transportation programs, leading Congress to delay reauthorization for 33 months following expiration of the last multi-year reauthorization. Although Congress was unable to agree on a long-term solution to the HTF revenue issue, MAP-21 did provide for the transfer of sufficient general fund revenues to the HTF to fund a two-year bill. MAP-21 made major changes in the programmatic structure for both highways and public transportation and included initiatives intended to increase program efficiency through performance-based planning and the streamlining of project development. Among its major provisions, MAP-21 included: for the federal-aid highway program, research, and education, authorizations for FY2013 of $40.96 billion and for FY2014 of $41.03 billion; for public transportation, authorizations for FY2013 of $10.58 billion and for FY2014 of $10.7 billion; for the Transportation Infrastructure Financing and Innovation Act (TIFIA), which provides credit assistance for surface transportation projects, a significant expansion that could provide credit support of up to $690 million for FY2013 and $9.2 billion for FY2014; major program restructuring, which reduced the number of highway programs by two-thirds and consolidated public transportation programs as well; more distribution of funding via apportionment to the states and less discretionary funding via the Department of Transportation (DOT) to individual projects; no project earmarks; no equity program, instead basing the distribution of highway funding on the FY2012 distribution such that each state will likely receive as much federal highway funding as its highway users paid to the highway account of the HTF; and changes in the National Environmental Policy Act (NEPA) compliance process intended to accelerate project delivery.
Author: K. M. Mead
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Author: Riley N. Michelson
Publisher: Nova Science Publishers
ISBN: 9781626188129
Category : Roads
Languages : en
Pages : 0
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Book Description
Federal surface transportation programs are currently funded primarily through taxes on motor fuels that are deposited in the highway trust fund. Although there has been some modification to the tax system, and the tax rates which have not been increased at the federal level since 1993. Prior to the recession that began in 2007, annual increases in driving, with a concomitant increase in fuel use, were sufficient to keep revenues rising steadily. This is no longer the case. Future increases in fuel economy standards are expected to suppress motor fuel consumption in the years ahead even if annual increases in vehicle mileage resume. Congress has yet to address the surface transportation program's fundamental revenue issues, and has not given serious consideration to raising fuel taxes in recent years. Instead, Congress has financed the federal surface transportation program by supplementing fuel tax revenues with transfers from the U.S. Treasury general fund. This book begins with a discussion of the problems associated with the trust fund financing system (which supports both federal highway and public transportation programs) and then explores possible options for financing surface transportation infrastructure.
Author: Phyllis F. Scheinberg
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 12
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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Author:
Publisher: Congressional Budget Office
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 90
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Book Description
The federal government provides about $20 billion a year in grants to states for highways; most of the money is raised through taxes on motor fuels. States, in financing their road-building programs, also rely heavily on motor fuel taxes and on fees paid by highway users. But these revenues are insufficient. This study reviews several approaches to augment traditional sources of funding for highways. The analysis covers changes in rules governing federal aid, state infrastructure banks, federal credit assistance, and private-sector financing of roads. Charts and tables.
