fund News Updates

Government, Business

Ryan Budget Calls Highway Trust Fund a ‘Priority’; Would Allow States to Fund Highway Projects

Transfers to the federal Highway Trust Fund from the general fund would have to be offset by savings in accounts elsewhere in the budget, under a proposal offered by House Budget Chairman Paul Ryan (R-Wis.).

April 2, 2014
Business

Failure to Fix Highway Fund Hurts Economy, Execs Warn

Business, labor and state transportation officials pleaded last week with Congress to find both immediate and long-term fixes for the Highway Trust Fund, which is expected to be insolvent by late summer.

February 17, 2014
Government, Business

CBO: Highway Fund to be Bankrupt Oct. 1

The Congressional Budget Office said its projections show that the Highway Trust Fund will have insufficient funds to meet its obligations starting in fiscal year 2015, the first day of which is Oct. 1.

February 4, 2014
Government, Business

House Panel Considers Freight Infrastructure Funding

Members of a House subcommittee heard testimony on funding freight transportation networks, including the experience of state transportation departments in Maryland and Virginia.

October 15, 2013
Editorial, Business

Editorial: Two More Funding Reminders

For countless years, we have written about the United States’ dire need of a long-term transportation funding source.

September 30, 2013
Business

Lacking Proper Funding for Maintenance, States Turn Some Paved Roads to Gravel

In another sign of the drastic actions many states are taking to deal with shortages in road funding, Texas has begun turning 83 miles of paved roads to gravel.

September 9, 2013
Business

CBO Offers Grim View of Highway Fund

WASHINGTON — The Congressional Budget Office last week presented a grim picture of an insolvent Highway Trust Fund to the House committee that oversees highway policy, but there was little discussion of possible solutions.

July 29, 2013
Government, Business

CBO Warns House Panel on Highway Trust Fund

WASHINGTON — A congressional subcommittee received a grim picture Tuesday of what lies ahead for the Highway Trust Fund if Congress and the White House do not find a way to pay for transportation before the fund is declared insolvent in 2015.

July 23, 2013
Government, Business

Pa. Funding Plan Would Raise $2.5 Billion for Transportation

A transportation funding proposal unveiled by Pennsylvania lawmakers last week would raise $2.5 billion by changing how the state collects transportation money, including eliminating the cap on the state’s wholesale fuel tax.

April 22, 2013
Business

State Officials Rethinking Funding Decisions as Highway Law Requires Risk-Based Plans

WASHINGTON — Employees from nearly every state’s department of transportation came together with federal officials here to set a course for future transportation funding decisions.

January 28, 2013