Transportation’s make-or-break week in Washington has ended with a funding face-off postponed until fall, thanks to Senate passage of a short-term, $7 billion rescue for the nation’s highway trust fund. Sen. Robert Menendez (D-NJ) (Photo: PatersonOnline) The trust fund patch, designed to keep U.S. DOT dollars flowing to local road projects until September 30, keeps […]
U.S. Transportation Secretary Mary Peters said yesterday that due to declining gas tax revenues, the Highway Trust Fund would need to borrow money from its mass transit account to pay for road projects. Today’s big news story was buried at the bottom of page A17 in the New York Times: Gasoline tax revenue is falling […]
As of the end of February, nearly $5.4 billion of transit stimulus money, or 74 percent, was under contract for projects in the 50 states and D.C., according to a Streetsblog Capitol Hill analysis of data released today by the House transportation committee. (Photo: DMI Blog) The success rate of transit stimulus spending was slightly […]
Since 1982, federal transportation funding has been governed by the "80-20 split," which restricts the federal Department of Transportation from spending more than 20 percent of its Highway Trust Fund money on transit projects, leaving the majority of federal funding for highway projects.
Rep. John Lewis (D-GA) is proposing today to make a small but crucial change in federal transit policy by requiring the nation’s Highway Trust Fund to keep the interest money it accrues, rather than give it up for the government’s general use. Rep. John Lewis (D-GA) Photo: politicalkudzu.com. Which brings up an even more crucial […]
Paul Lewis, policy director at the Eno Center for Transportation, discusses "Saving Time and Making Cents: A Blueprint for Building Transit Better" — about the differences between highway and transit capital projects and ways to create better governance and lower costs.