Capital Partnerships
  A Nationally-Recognized Resource in Infrastructure Financing January 28, 2011  
 

Inside Transportation

 

From Capital Partnerships LLC

 

FUTURE OF THE HIGHWAY TRUST FUND UNCERTAIN

  

The Highway Trust Fund, which assists states in funding interstate highways, bridges and other transit projects, is largely supported by fuel taxes, but has not raised enough from those taxes to meet the transportation needs that have arisen in the last several years. As a result, the Fund has required bailouts of approximately $34.5 billion from the Treasury during that time. Chairman of the House Transportation and Infrastructure Committee, John Mica (R., Florida), asserts that there will not be an increase in fuel taxes, leaving questions as to how the Highway Trust Fund will retain its strength without a severe funding cutback.

At current levels, the Trust Fund raises over $30 billion for highway programs; however, the last few years have required nearly $43 billion per year, necessitating a $10 billion funding cut each year if new means for financing the Fund are not generated by Congress.

     
 
 

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