Tags: highway funding

CBO data show Highway Trust Fund faces shortfall under President Obama’s proposed budget

Apr 21, 2014

CBO data show Highway Trust Fund faces shortfall under President Obama’s proposed budget

The Highway Trust Fund (HTF) would run out of money under President Barack Obama’s proposed $302 billion, four-year highway budget, according to data released from the Congressional Budget Office (CBO). In addition to allocating funds to various transportation sectors, the bill ...

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Top transportation senators reveal priorities for new highway bill

Apr 11, 2014

Top transportation senators reveal priorities for new highway bill

Sen. Barbara Boxer (D-Calif.) said Thursday that she and three other top transportation senators have “reached an agreement in principle on a transportation bill.” During a press conference, Boxer, who is chairman of the Senate Environment and Public Works Committee, — ...

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House GOP budget proposal offers Highway Trust Fund solution; transportation advocates aren’t impressed

Apr 04, 2014

House GOP budget proposal offers Highway Trust Fund solution; transportation advocates aren’t impressed

Rep. Paul Ryan (R-Wis.), House Budget Committee chairman, on Tuesday introduced the fiscal year 2015 House Republican budget, which offers a solution for the nearly insolvent Highway Trust Fund (HTF). The HTF -- the main source of funding for state and ...

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DOT says Highway Trust Fund could run out in late July

Mar 18, 2014

DOT says Highway Trust Fund could run out in late July

The U.S. Department of Transportation has updated its Highway Trust Fund Ticker, and a chart on the page shows that the Highway Trust Fund (HTF) could shortfall as early as the end of July. Transportation Secretary Anthony Foxx introduced the Highway ...

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Oklahoma could see 7% production tax on aggregates

Jan 13, 2014

Oklahoma could see 7% production tax on aggregates

A proposed bill in the Oklahoma legislature would allow counties to tax aggregates producers up to 7 percent for the production of silica, sand, gravel and more, NewsOK reports. The bill, HB 1876, would allow each county to tax aggregates production ...

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No gas tax hike for Mississippi; Lt. Gov. Reeves looks to restricted bond bill for funding

Jan 10, 2014

No gas tax hike for Mississippi; Lt. Gov. Reeves looks to restricted bond bill for funding

Mississippi isn’t likely to see an increase in the statewide gas tax anytime soon. Lt. Gov. Tate Reeves said Monday that he won’t support raising Mississippi’s 18-cent-per-gallon fuel tax, our sister site Better Roads reports. He said although highway maintenance is vital ...

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Balance sheet management continues among operators

Nov 01, 2013

Balance sheet management continues among operators

  Corporate divestitures once again dominated the activity last month, with Lafarge North America, Inc. and Vulcan Materials Co. leading the way. Balance sheet management continues to be the emphasis to create liquidity and borrowing capacity to take advantage of when ...

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Highway Funding: Past, Present and Future

Jul 24, 2013

Highway Funding: Past, Present and Future

As reported earlier this week, the Senate is currently considering a spending bill for the Departments of Transportation (U.S. DOT) and Housing and Urban Development (HUD). In a prepared opening statement before the Committee on Transportation and Infrastructure, Tom Petri (R-Wis.), ...

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Texas Senate, House have different transportation funding plans

Jul 12, 2013

Texas Senate, House have different transportation funding plans

The Texas Senate and House have proposed two radically different plans to raise money for transportation spending, according to a report from our sister site, Better Roads. The Texas Senate on Thursday passed Senate Joint Resolution 1 (SJR1), which would collect ...

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Cemex results were a bright spot as units shipped decreased in 2012

Apr 01, 2013

Cemex results were a bright spot as units shipped decreased in 2012

By George H. Reddin The fourth quarter of 2012 brought mixed results from the construction materials sector, with companies like Granite and Vulcan reporting slight decreases in aggregates shipped and revenues earned. While there were some bright spots around the country, ...

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The Shuster Years, Part 2

Nov 28, 2012

The Shuster Years, Part 2

When I learned that Rep. Bill Shuster (R-Pa.) would serve as the next chairman of the House Committee on Transportation and Infrastructure (for more on Shuster's appointment, click here), I was quickly reminded of another Shuster to fill that spot ...

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Shuster announces T&I leadership appointments

Nov 28, 2012

Shuster announces T&I leadership appointments

Congressman Bill Shuster, who was selected Nov. 28 to be the next chairman of the House Committee on Transportation and Infrastructure, announced the appointment of key senior staff to lead the Committee in the 113th Congress. “I am pleased that these experienced ...

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