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April 6: Would the New Senate Fuel Tax Deal a Death Blow to the Transport Bill? from Streetsblog Capitol Hill
- Eight Democrats yesterday joined nearly the entire transportation universe, from road-builders to transit advocates, to warn the three Senate authors of a new climate bill against raising gas taxes without using the money for infrastructure. Their message, translated from the often impenetrable language of Washington: Imposing new fuel fees that are not routed to transport projects could torpedo the next long-term federal bill -- which is already on life support.
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April 2: Is a U.S. Infrastructure Bank an idea whose time has come? From Logistics Management
- A former Transportation Secretary and several top transportation policy leaders are backing the idea of a U.S. infrastructure bank to help increase funding of badly needed highway and bridge projects. "The needs are great, and getting greater-and more funding is not coming," said Norman Y. Mineta, who was Transportation Secretary in the first Bush administration. Mineta is currently vice chairman of global communications consultancy for Hill & Knowlton, a public relations firm. Can the United States create an infrastructure bank? There are hurdles, Mineta said, but they are not insurmountable. Chief among them is how financially "score" such projects so they are fiscally responsible and paid for without increasing the national debt.
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April 1: In fiscal pinch, transit agencies offer less for more from USA Today
- A survey of 151 agencies released today by the American Public Transportation Association found that 84% are considering the actions to balance budgets. It found that 44% raised fares in the past 15 months. That's up from 2008, when 30% did. "This is the steepest pullback in transit services in anybody's memory," says David Goldberg, spokesman for Transportation for America, a coalition of businesses, unions and non-profit organizations. Things will only get worse, says William Millar of the transportation association. Seven in 10 agencies expect red ink this year; 53% are mulling service cuts, and a third are looking at fare hikes. "Riders ... can look forward to less service and higher prices," Millar says.
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March 31: DOT Stimulus Payouts Hit $10 Billion from The Journal of Commerce
- The Department of Transportation has paid out $10 billion to states for highway repairs and other transport project work completed under last year's stimulus package to shore up the economy. The DOT also reported through the Recovery.gov Web site that it has made nearly $38 billion available to states, backing ongoing projects and allowing more to be planned. It disburses the funds once work is completed.
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March 31: Could Gas-Tax Bonds Pay For the Next Federal Transportation Bill? from Streetsblog Capitol Hill
- House infrastructure committee chairman Jim Oberstar (D-MN), facing steep political odds in his push to pass a new six-year federal transportation bill this year, has begun to pitch an outside-the-box solution to the financing shortfall that is still stalling congressional action: Treasury bonds. Oberstar's proposal would plug the hole in anticipated highway trust fund revenue for the next transport bill with top-rated Treasury debt securities. Those bonds, the Minnesotan explained on Friday, would "be repaid with revenues from the highway trust fund out into the future. And we would delay the repayment for the first perhaps four years, giving the economy time to recover."
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