Nov. 23, 2015 – According to the National Stone, Sand and Gravel Association (NSSGA), the Congressional Budget Office (CBO) has released its estimates of the costs of the House surface transportation reauthorization facilitating a serious discussion by the conferees of the funding levels of the final bill. The House accepted the Senate DRIVE Act pay-fors totaling $47 billion and funding three…
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Ringing the Alarm Bells
August 23, 2014 – The Associated Equipment Distributors (AED) has been ringing alarm bells about the Highway Trust Fund for more than a year. New numbers released by the Congressional Budget Office project the fund will run out of money by the end of August, which could cause significant disruptions during the busy summer construction season. AED stresses that the precarious…
Read MoreRuane Touts Highway Trust Fund Needs
Fixing the Highway Trust Fund (HTF) without generating any new revenue would require the equivalent of Congress passing and the president signing a 2013-level Murray-Ryan budget deal every year just to maintain current highway and transit program investment levels, American Road & Transportation Builders Association (ARTBA) President Pete Ruane Feb. 12 told a Senate panel.
Read MoreThe Clock is Ticking
February 10, 2014 – The Congressional Budget Office released its latest estimates for the overall federal deficit Feb. 4 and projected that the Highway Trust Fund will need an infusion of $172 billion over the next 10 years to stay solvent, according to NSSGA. The new figures confirm what transportation industry stakeholders and administration officials have been warning since the passage of…
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