• SENATE FINANCE EXAMINES HIGHWAY TRUST FUND’S FUTURE

    The Senate Finance Committee held a hearing May 6 to discuss viable options for funding the Highway Trust Fund beyond its pending insolvency, which the Congressional Budget Office and U.S. Department of Transportation now estimate to be this July or August. The panel heard first from Senate Environment and Public Works Committee Chairman Barbara Boxer…

    Posted 5/7/14 at 4:43 PM

  • SENATE FINANCE COMMITTEE SCHEDULES HEARING ON HIGHWAY FUNDING

    The Senate Finance Committee will hold a hearing May 6 to discuss funding options for surface transportation as the Highway Trust Fund, according to the latest estimates from the Congressional Budget Office, is headed for insolvency as early as mid-July.  The committee will focus on both the short- and long-term health of the HTF, as…

    Posted 4/29/14 at 6:29 PM

  • DOT RELEASES LATEST DATA ON STATUS OF THE HIGHWAY TRUST FUND

    The Congressional Budget Office released the latest status of the Highway Trust Fund April 15.  CBO estimates that both the highway account and the transit account of the trust fund will end the fiscal year with a positive balance, but not enough to meet obligations.  The highway account must have $4 billion cash on hand to…

    Posted 4/16/14 at 6:37 PM

  • HIGHWAY FUNDING RESOLUTION INTRODUCED IN TENNESSEE

    An NSSGA-drafted resolution for introduction in state legislatures urging action by Congress to address the Highway Trust Fund fiscal cliff has been introduced in the Tennessee legislature.  The Transportation Construction Coalition members have been asked to send the draft to their affiliates and chapters to take to their respective state legislatures for passage.  This is…

    Posted 4/8/14 at 7:19 PM

  • AASHTO UNVEILS NEW INFOGRAPH TO EDUCATE ON HIGHWAY TRUST FUND

    The American Association of State Highway Transportation Officials unveiled a new communications tool last week designed to educate the public and lawmakers about the potential impacts if the Highway Trust Fund is allowed to become insolvent. The “Nation at a Crossroads” is a web-based infographic, mobile app and printed brochure that provides a national perspective…

    Posted 4/2/14 at 6:55 PM

  • SENATE EPW HEARS FROM STATE AND LOCAL OFFICIALS ON TRANSPORTATION FUNDING PRIORITIES

    Members of the Senate Environment and Public Works Committee heard from state department of transportation directors, mayors and local commission planners March 27 on the continued need for a long-term, well-funded surface transportation reauthorization bill. Chairman Barbara Boxer (D-Calif.) continues to hold hearings with transportation officials at all levels, as well as industry stakeholders, as…

    Posted 4/2/14 at 5:26 PM

  • PROJECTIONS FOR HIGHWAY TRUST FUND INSOLVENCY KEEP GETTING EARLIER

    The U.S. Department of Transportation on March 16 updated its monthly snapshot projection for when the Highway Trust Fund will have to slow payouts to states for road and bridge projects, and the situation gets worse with each report. The released estimates now say the highway account will dip below $4 billion in July, which…

    Posted 3/19/14 at 8:17 PM

  • TCC HARDHATS FOR HIGHWAYS CAMPAIGN KICKED OFF

    The TCC Hardhats for Highways campaign kicked off during CONEXPO-CON/AGG.  NSSGA Government Affairs Committee members were briefed on the program during the Government Affairs Committee meeting Mar. 4.  The TCC campaign is meant to highlight the number of jobs at stake if Congress fails to act to address the funding cliff facing the Highway Trust…

    Posted 3/11/14 at 9:44 PM

  • THE PRESIDENT RELEASES FY’15 BUDGET; INCLUDES FOUR-YEAR, $302 BILLION HIGHWAY PROPOSAL

    President Barack Obama formally submitted his $3.9 trillion FY’15 budget request to Congress March 4, a plan that includes a four-year, $302 billion surface transportation reauthorization proposal.  Much of the president’s transportation plans were unveiled a week earlier during a stump speech in St. Paul, Minn., on the same day House Ways and Means Chairman…

    Posted 3/5/14 at 6:20 PM

  • CAMP SET TO RELEASE TAX REFORM DRAFT WITH TRANSPORTATION FUNDING PROVISION

    After three years as chairman of the House Committee on Ways and Means, Rep. Dave Camp (R-Mich.) announced he is finally ready to release draft legislation to overhaul the U.S. tax code, perhaps as early as Feb. 26.  The long-awaited tax overhaul would cut the top income tax rate from 39.6 percent to 25 percent,…

    Posted 2/26/14 at 5:43 PM