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Archive for the ‘Funding’ Category

Rural America’s Rental Housing

Wednesday, July 16th, 2014
Too many rural homes are unaffordable or substandard

NATIONAL RURAL HOUSING COALITION
For several decades, communities in rural America have struggled to provide access to clean, decent, and affordable housing. With lower incomes and higher poverty rates, rural renters—including aging seniors, individuals and families with very low incomes, persons with disabilities, and farmworkers—face especially daunting barriers to affordable housing.

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AASHTO’s “Nation at a Crossroads” Infographic Calls for Action

Thursday, July 10th, 2014
Without Federal Investment States Can

The infographic reveals a slew of alarming facts and predictions centering on the depletion of MAP-21 funding by Fall of 2014, which will lead to states being responsible for 100% of transportation funding. Did you know that, already, 45% of Americans don’t have access to transit? Did you know that 1 in 4 of our bridges is in need of significant repair? While states have come up with some viable funding mechanisms of their own, it’s clearly time for the Fed to step in and replenish this vital source of transportation funding.

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Making the Grade: A National Six-Point Plan to Regain America’s Infrastructure Leadership

Tuesday, July 8th, 2014
SPECIFIC ECONOMIC IMPACTS BY 2020

AUTODESK
Making The Grade represents the consensus of many who attended the meeting “Executing a Sustainable Infrastructure Vision” convened by the White House Council on Environmental Quality (CEQ) initially in 2012. The Making the Grade roundtable that followed in 2013 was comprised of experts from 45 companies representing the scope of the U.S. infrastructure industry—planning, engineering, construction, and technology—and their counterparts from local governments, professional organizations, think tanks, financial advisors, academic institutions, and others. Participants agreed to an ambitious goal: describe a new vision and path forward for regaining and sustaining America’s public infrastructure leadership.

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The Highway Trust Fund and Surface Transportation Programs in the Federal Budget

Tuesday, July 1st, 2014
Figure 1: Receipts, Outlays, and Balance or Shortfall for the Highway Trust Fund Under CBO’s April 2014 Baseline

CONGRESSIONAL BUDGET OFFICE
The federal government spends more than $50 billion per year on surface transportation programs, mostly in the form of grants to state and local governments. Much of this spending is for highways and mass transit programs financed through the Highway Trust Fund. Those programs have an unusual treatment in the federal budget, and the way they are classified in the budget facilitates the spending of more money from the trust fund than there are dedicated revenues to support such spending. Those revenues come from excise taxes on the sale of motor fuels, trucks and trailers, and truck tires, and from taxes on the use of certain kinds of vehicles.

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Infrastructure Spending in the US: Outlook to 2025

Thursday, June 26th, 2014
Figure 1: Infrastructure spending in a national context, Figure 2: Infrastructure spending by broad sector, Figure 3 and Figure 4

PricewaterhouseCoopers (PwC)
By 2025, annual investment in infrastructure across our sectors in the US should top $1trn, having grown by an average of just over 3.5% a year. But the US will likely have been long since left behind by China, where we expect annual spending will reach over three times this level. We estimate that the US’s share of global spending will likely decline gradually over the coming decade to just over a tenth of total global spending by 2025.

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MDOT: Michigan Needs to Build Roads That Last

Thursday, June 26th, 2014
MDOT: Michigan Needs to Build Roads That Last

It’s easy to find examples of roads in Michigan that saw repairs just a few years ago and are falling apart again. It’s also easy to see why drivers and taxpayers think shoddy workmanship is to blame. Michigan follows national design and construction standards, and is a leader in roadwork warranties. MDOT can and does build quality roads, but Michigan’s current investment in transportation doesn’t support much more than short-term fixes for our aging system.

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States’ Fiscal Initiatives Offer a Solution to the Impending Trust Fund Shortfall

Friday, June 6th, 2014

Innovation Newsbriefs
Vol. 25, No. 8

While transportation stakeholders and the Washington press corps are agonizing about the impending Highway Trust Fund shortfall and its impact on the federal transportation program, they are ignoring developments outside the Beltway that go a long way toward mitigating the prospective funding shortage. For in fact, individual states, far from standing idly by, are responding to the fiscal uncertainties in Washington by stepping up and augmenting their transportation budgets.

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Hopes for a Long-Term Transportation Bill Are Fading

Tuesday, May 27th, 2014

Innovation Newsbriefs
Vol. 25, No. 7
With federal transportation spending outpacing tax receipts by some $1.25 billion/month, the cash balance of the Federal Highway Trust is drawing perilously close to the point where the U.S Department of Transportation will be obliged to institute cash management strategies—such as slowing down or delaying state reimbursements — to keep the Trust Fund account solvent. Based on current spending and revenue trends, this point —a cash balance of $4 billion in the Highway Account —will be reached in late July according to the latest U.S. DOT estimate However, CBO estimates that “both the highway account and the transit account will end the end of the fiscal year with a positive balance” according to an April 14 memo from the Congressional Budget Office (Subject: CBO’s Highway Trust Fund Runs, April Baseline)

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Guest on The Infra Blog: Paul Yarossi, Executive Vice President, HNTB

Wednesday, May 21st, 2014
Paul Yarossi, Executive Vice President, HNTB

Paul Yarossi is Executive Vice President of HNTB and President of HNTB Holdings, Ltd. As president of HNTB Holdings Ltd, Paul Yarossi serves on the company’s board of directors and is responsible for overseeing and directing the firm’s governance, capitalization strategy, compliance and audit functions, as well as its external and government relations. He also participates in a number of high-level roles on behalf of the industry, which gives him a broad perspective on current issues and trends. He previously served as chairman of the American Road and Transportation Builders Association, the U.S. transportation construction industry’s representative in Washington, D.C. ARTBA is bringing recommendations forward regarding the next federal highway funding bill. Yarossi has presented testimony to the U.S. House Transportation and Infrastructure Subcommittee on Highways and Transit, and the U.S. House Oversight Committee.

“…We continue to look at infrastructure rehabilitation and expansion as a cost rather than an investment…I think we need to change how we talk about infrastructure and start telling people less about what they won’t have and more about what they’ll get in return for their money.”

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Infrastructure Planning And Investment: A Widening Gap

Wednesday, May 21st, 2014
HUDSON VALLEY INFRASTRUCTURE: REDUCED PUBLIC INVESTMENT

HUDSON VALLEY PATTERN FOR PROGRESS
In the past few months, the tragic gas explosion in Harlem and Vice President Biden’s description of LaGuardia Airport as a “third world airport” made national news. In the Hudson Valley, the massive rebuilding of the Tappan Zee Bridge and a proposed $153 million private desalination plant have made headlines. The common topic: Infrastructure. Today, the world demands solid and dependable underpinnings to the activities of daily life. Infrastructure means livelihoods—think of the 14.2 million workers employed nationally in the sector (Brookings, 2014). It means survival, especially in terms of critical resources such as water and roads. And it means a set of unprecedented challenges, at all levels.

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