Support for InfrastructureUSA.org
has been provided by these organizations and individuals:

John Hennessy III,
P.E.

Budget of the United States Government, Fiscal Year 2012

Posted by Content Coordinator on Monday, February 14th, 2011

WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET

Moving from Rescue to Rebuilding

After two of the most difficult years in generations for our Nation’s economy, we are at the end of the first phase of the journey, back from the devastating recession. We no longer face the collapse of our financial system or the start of a second Great Depression. Swift and decisive action has turned the tide, and the Nation’s economy is recovering. From the American Recovery and Reinvestment Act (the Recovery Act) that boosted macroeconomic demand, jump-started economic activity, and broke a vicious recessionary cycle to the Administration’s Financial Stability Plan that helped to restore confidence in our financial institutions and markets and saved the American automobile industry, the President made choices that were unprecedented and, in many quarters, politically unpopular. It is now clear that these policies worked and played a central role in putting the economy on the road to recovery.

Download full version (PDF): Moving from Rescue to Rebuilding

DEPARTMENT OF TRANSPORTATION BUDGET OVERVIEW

Funding Highlights:

  • Provides $13.4 billion in discretionary resources in 2012, a $1.3 billion decrease from 2010 levels. (This figure excludes $109 billion in obligation limitations for the surface transportation plan. Including surface transportation obligation limitations, Department of Transportation’s total budgetary resources increase by $53 billion over 2010.)
  • Includes a six-year, $556 billion surface reauthorization plan to modernize the country’s surface transportation infrastructure, create jobs, and pave the way for long-term economic growth. The President will work with the Congress to ensure that the plan will not increase the deficit.
  • Jump-starts productive investment and stimulates job growth with a first-year funding boost of $50 billion in 2012.
  • Provides $8 billion in 2012 and $53 billion over six years to reach the President’s goal of providing 80 percent of Americans with convenient access to a passenger rail system, featuring high-speed service, within 25 years.
  • Includes $30 billion over six years for a pioneering National Infrastructure Bank to invest in projects of regional or national significance to the economy.
  • Continues to invest in the Next Generation Air Transportation System—a revolutionary modernization of our aviation system.
  • Initiates Transportation Leadership Awards to create incentives for State and local partners to pursue critical transportation policy reforms.
  • Reduces funding for Airport Grants, focusing Federal support on smaller airports, while giving larger airports additional flexibility to raise their own resources.

Download full version (PDF): Department of Transportation Budget Overview
Download other segments (Whitehouse.gov): Fiscal Year 2012 Budget

About the White House Office of Management and Budget
www.whitehouse.gov/omb
“The core mission of OMB is to serve the President of the United States in implementing his vision across the Executive Branch.  OMB is the largest component of the Executive Office of the President.  It reports directly to the President and helps a wide range of executive departments and agencies across the Federal Government to implement the commitments and priorities of the President. “

Tags: , , , ,

Comments are closed.

Receive Infra Update, our email newsletter.

Follow InfraUSA on Twitter Facebook YouTube Flickr

CATEGORIES


Show us your infra! Show us your infra!

Video, stills and tales. Share images of the Infra in your community that demands attention. Post your ideas about national Infra issues. Go ahead. Show Us Your Infra!  Upload and instantly share your message.

Polls Polls

Is the administration moving fast enough on Infra issues? Are Americans prepared to pay more taxes for repairs? Should job creation be the guiding determination? Vote now!

Views

What do the experts think? This is where the nation's public policy organizations, trade associations and think tanks weigh in with analysis on Infra issues. Tell them what you think.  Ask questions.  Share a different view.

Blog

The Infra Blog offers cutting edge perspective on a broad spectrum of Infra topics. Frequent updates and provocative posts highlight hot button topics -- essential ingredients of a national Infra dialogue.