Highway Trust Fund and Paying for Highways: Testimony Before the Committee on Finance, U. S. Senate PDF Download
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Author:
Publisher: DIANE Publishing
ISBN: 1437986021
Category :
Languages : en
Pages : 34
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Author: Joseph Kile
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author:
Publisher: DIANE Publishing
ISBN: 1437986021
Category :
Languages : en
Pages : 34
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Book Description
Author: Richard R. Mudge
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 84
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit
Publisher:
ISBN:
Category : Federal aid to transportation
Languages : en
Pages : 72
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Book Description
Author: Clint Peck
Publisher: Nova Science Publishers
ISBN: 9781619424197
Category : Federal aid to transportation
Languages : en
Pages : 0
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Book Description
The federal government collect revenues from taxes paid by highway users, mostly from those levied on gasoline and diesel fuel, and credits them to the Highway Trust Fund. Those revenues and others are subsequently used for federal spending on highways and transit. In fiscal year 2010, the trust fund's revenues totalled about $35 billion. Some policymakers and transportation analysts have expressed interest in developing new sources of funding. This book analyses the effects of alternative approaches to funding highways and compares the effects of current fuel taxes and of possible new taxes on the number of miles highway users drive.
Author: Congressional Budget Office
Publisher: CreateSpace
ISBN: 9781514700006
Category :
Languages : en
Pages : 24
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Book Description
In 2014, governments at various levels spent $165 billion to build, operate, and maintain highways, and they spent $65 billion on mass transit systems. For both types of infrastructure, most of that spending was by state and local governments; about one-quarter of that total came from the federal government, mostly through the Highway Trust Fund. For several decades, the trust fund's balances were stable or growing, but more recently, annual spending for highways and transit has exceeded the amounts credited to the trust fund from taxes collected on gasoline, diesel fuel, and other transportation-related products and activities. Since 2008, in fact, lawmakers have transferred $65 billion from the U.S. Treasury's general fund to the Highway Trust Fund so that the trust fund's obligations could be met in a timely manner. Moreover, with its current revenue sources, the Highway Trust Fund cannot support spending at the current rate. The Congressional Budget Office estimates that spending in fiscal year 2015 for highways and transit programs funded from the Highway Trust Fund will be $44 billion and $8 billion, respectively, whereas revenues collected for those purposes are projected to be $34 billion and $5 billion, respectively. By CBO's estimate, at the end of fiscal year 2015, the balance in the trust fund's highway account will fall to about $2 billion and the balance in its transit account will be about $1 billion. The Department of Transportation (DOT) would probably need to delay payments to states at some point before the end of fiscal year 2015 in order to keep the fund's balance above zero, as required by law. In fact, because of the timing of the deposits to the trust fund, DOT has stated that it would need to delay payments if cash balances fell below $4 billion in the highway account or below $1 billion in the transit account. Then, if nothing changes, the trust fund's balance will be insufficient to meet all of its obligations in fiscal year 2016, and the trust fund will incur steadily accumulating shortfalls in subsequent years.
Author: Transportation Dept., Federal Highway Administration
Publisher: Government Printing Office
ISBN: 9780160937545
Category : Technology & Engineering
Languages : en
Pages : 84
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Book Description
This report by the Federal Highway Administration (FHWA) provides information about the funding of Federal-aid highways. The report details the fiscal process of funding the highways from inception in an authorization act to payment from the Highway Trust Fund. In addition, congressional and Federal agency actions that take place throughout this process are discussed. Related items: Federal Highway Administration (FHWA) publications can be found here: https://bookstore.gpo.gov/agency/federal-highway-administration-fhwa Department of Transportation (DOT) publications can be found here: https://bookstore.gpo.gov/agency/department-transportation-dot
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 92
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 16
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Book Description
