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Posts Tagged ‘Surface Transportation’

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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Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future

Wednesday, January 16th, 2013

AMERICAN SOCIETY OF CIVIL ENGINEERS
Infrastructure is the physical framework upon which the U.S. economy operates and the nation’s standard of living depends. Everything depends on this framework, including transporting goods, powering factories, heating and cooling office buildings, and enjoying a glass of clean water.

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