Author: Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 14
Book Description
The Highway Trust Fund's Third Year
Author: Highway Trust Fund
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Roads
Languages : en
Pages : 16
Book Description
Highway Trust Fund
Author: Phillip R. HerrPublisher: DIANE Publishing
ISBN: 1437915469
Category : Transportation
Languages : en
Pages : 28
Book Description
The Highway Account within the Highway Trust Fund is the primary mechanism for funding fed. highway programs. The account -- administered by the Fed. Highway Admin. (FHWA) -- channels about $33 billion in highway user excise taxes annually to states for highway projects. A shortfall in the balance became imminent in Aug. 2008. In Sept., Congress passed legislation to provide $8 billion to replenish the account, but officials anticipate the account could reach a critical stage again in FY 2009. This report: (1) describes the events that led to the decline in the account balance; and (2) identifies potential improvements in mechanisms to manage account solvency. Includes strategies that could be used to better align account outlays and revenues.
Highway Trust Fund
Author: Jonathan CaulfieldPublisher: Nova Science Publishers
ISBN: 9781634820127
Category : Federal aid to transportation
Languages : en
Pages : 0
Book Description
In recent years, dedicated revenues to the Highway Trust Fund have been eroding, resulting in fewer resources to fund surface transportation projects and requiring, between 2008 and 2014, transfers of over $50 billion in general revenues. This book reviews how Highway Trust Fund monies are being used to help ensure that sound choices and investment decisions about future funding are made. The book examines what is known about the types of projects, activities, and federal administrative functions and expenses supported by the Department of Transportation (DOT) using Highway Trust Fund monies in fiscal year 2013.
The Highway Trust Fund
Author: Publisher:
ISBN:
Category : Federal aid to transportation
Languages : en
Pages : 26
Book Description
Distributional Equity of Appropriations of the Federal Highway Trust Fund to the States
Author: Max Drydell RotheThe Status of the Highway Trust Fund and Options for Paying for Highway Spending Congressional
Author: Congressional Budget OfficePublisher: CreateSpace
ISBN: 9781514700006
Category :
Languages : en
Pages : 24
Book Description
In 2014, governments at various levels spent $165 billion to build, operate, and maintain highways, and they spent $65 billion on mass transit systems. For both types of infrastructure, most of that spending was by state and local governments; about one-quarter of that total came from the federal government, mostly through the Highway Trust Fund. For several decades, the trust fund's balances were stable or growing, but more recently, annual spending for highways and transit has exceeded the amounts credited to the trust fund from taxes collected on gasoline, diesel fuel, and other transportation-related products and activities. Since 2008, in fact, lawmakers have transferred $65 billion from the U.S. Treasury's general fund to the Highway Trust Fund so that the trust fund's obligations could be met in a timely manner. Moreover, with its current revenue sources, the Highway Trust Fund cannot support spending at the current rate. The Congressional Budget Office estimates that spending in fiscal year 2015 for highways and transit programs funded from the Highway Trust Fund will be $44 billion and $8 billion, respectively, whereas revenues collected for those purposes are projected to be $34 billion and $5 billion, respectively. By CBO's estimate, at the end of fiscal year 2015, the balance in the trust fund's highway account will fall to about $2 billion and the balance in its transit account will be about $1 billion. The Department of Transportation (DOT) would probably need to delay payments to states at some point before the end of fiscal year 2015 in order to keep the fund's balance above zero, as required by law. In fact, because of the timing of the deposits to the trust fund, DOT has stated that it would need to delay payments if cash balances fell below $4 billion in the highway account or below $1 billion in the transit account. Then, if nothing changes, the trust fund's balance will be insufficient to meet all of its obligations in fiscal year 2016, and the trust fund will incur steadily accumulating shortfalls in subsequent years.
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