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Archive for the ‘Tax’ Category

Texas: Governor Abbott Paves the Way for Historical Transportation Funding Increase

Tuesday, June 9th, 2015
Texas: Governor Abbott Paves the Way for Historical Transportation Funding Increase

Video clip illustrates Governor Abbott’s dedication to increasing funding for roads throughout the state of Texas, and also doing away with diversions. From now on, taxes for roads will be spent on roads.

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ASCE: Highway Trust Fund 101

Tuesday, May 19th, 2015
ASCE: Highway Trust Fund 101

The Highway Trust fund, paid for by the federal gas tax, provides federal funding for America’s roads, bridges, and transit systems. But the gas tax hasn’t been raised in over 20 years, and the Highway Trust Fund will soon be insolvent. Watch the video to learn about the importance of the Highway Trust Fund and the negative consequences of the looming insolvency.

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Guest on The Infra Blog: Congressman Richard Hanna

Tuesday, March 10th, 2015
Congressman Richard Hanna

Congressman Richard Hanna was re-elected on Nov. 4, 2014 to represent the 22nd District of New York in the United States House of Representatives. Representative Hanna serves on three key committees for the 114th Congress, including the Committee on Transportation and Infrastructure, on which he is the senior New York Republican.

“People with the job that I have and the other people here have to have a vision of their own. We have to value transportation, value intermodal works and everything along with it. It’s our job to get out there and say, ‘Damn it, this is important.’”

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Options For Increasing Surface Transportation Revenue

Monday, November 10th, 2014
Policy Optimality Considerations for Federal Revenue Options ($ in billions)

AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS (AASHTO)
In an attempt to provide a viable solution to the surface transportation funding debacle, this post offers a matrix of dozens of possible methods of funding surface transportation in the U.S., including the few that are already being implemented along with the many that have yet to be explored.

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Reduce Speculation and Limit Gentrification: Penalize Absentee/Pied-à-Terre Owners

Friday, June 20th, 2014

While cities like Chicago, Austin, and Seattle can typically stave off drastic price increases by just building enough housing to meet demand, that’s not always possible for world cities because demand isn’t just local, or even national — it’s global, and in an era of growing inequality the demand for luxury investment properties and pieds-à-terre is vast. That demand is an obstacle to providing an adequate supply of affordable, middle-class housing, but it needn’t be. If harnessed appropriately, it could even be a strength.

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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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The GROW AMERICA Act: Response from the Infra Community

Tuesday, May 6th, 2014
The Grow America Act: Response from the Infra Community

On Friday, May 2, the Obama Administration and the U.S. Department of Transportation released the GROW AMERICA Act, a $300-billion transportation bill aiming to provide comprehensive solutions to our nation’s transportation woes. According to the GROW AMERICA fact sheet. Despite the bill’s cumbersome acronym (Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America) the bill promises to resolve a slew of nagging transportation problems, from environmental impact to financing.

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Rethinking the Way Transportation Infrastructure Is Funded

Friday, February 14th, 2014

Innovation Newsbriefs
Vol. 25, No. 3A
It may come as a surprise to you, but there is a quiet revolution in transportation funding underway these days. Faced with a depleted Highway Trust Fund and uncertain prospects for more money from a deficit-conscious Congress, many states are taking matters into their own hands and aggressively pursuing more fiscal independence.

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Gas Taxes and User Fees Pay for Only Half of State and Local Roads

Friday, January 10th, 2014
Table 1: User Fees and User Taxes as a Percent of State-Local Transportation Spending, 2011

TAX FOUNDATION
The lion’s share of transportation funding should come from user fees (amounts a user pays directly for a service the user receives, such as tolls) and user taxes (amounts a user pays, based on usage, for transportation, such as fuel and motor vehicle license taxes).[2] When road funding comes from a mix of tolls and gasoline taxes, the people that use the roads bear a sizeable portion of the cost. By contrast, funding transportation out of general revenue makes roads “free,” and consequently, overused or congested—often the precise problem transportation spending programs are meant to solve.

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