Welcome to Flashback, a regular feature at Streetsblog Capitol Hill looking back at past transportation policy debates that have the potential to impact the next congressional re-authorization — no matter when it occurs. For today’s installment, let’s start with an interesting comment that Rep. Jim Oberstar (D-MN), chairman of the House transportation committee, made earlier […]
Minnesota Representative James Oberstar is perhaps the strongest advocate for transit on Capitol Hill. In a recent Q&A with the Kansas City Star, he shared his thoughts on how the financial crisis will affect federal investments in transportation: Transit currently receives about 20 percent of federal surface transportation funding. Next year’s surface transportation authorization will […]
Leaders of the House transportation committee, doggedly pursuing a six-year, $450 billion infrastructure bill this year, pressed their case this morning before Ways and Means Committee colleagues who must approve a new funding mechanism for their massive legislation. On transport funding, a question looms: Whither Ways and Means Committee Chairman Charles Rangel (D-NY)? (Photo: BusinessWeek) […]
The Obama administration is working on a plan to fill the shortfall in the nation’s highway trust fund by August without adding to the federal deficit, Transportation Secretary Ray LaHood told Congress today. Transportation Secretary Ray LaHood (Photo: HillBuzz) The circumstances behind the trust fund’s financial troubles are well-known: a nationwide decline in driving coupled […]
The Senate took a major step forward last night in its battle with the House over transportation funding, releasing a plan to give $26.8 billion to the dwindling highway trust fund and — perhaps most importantly, for the long term — to restore the fund’s ability to keep the interest it earns. Senate Finance Committee […]
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.