House subcommittee approves 2008 transportation funding

Hopes to have bill considered by the full House by end of June

News AGC of America June 12, 2007
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The House Transportation-HUD Appropriations Subcommittee reported out the fiscal year 2008 funding bill for the Department of Transportation yesterday. The bill fully funds the highway and transit programs at the SAFETEA-LU guaranteed levels.

The highway program is funded at $40.2 billion (this includes the $39.6 billion authorized level and $630 million in RABA funds included to reflect actual Highway Trust Fund receipts). Highway program funding in fiscal year 2007 is $39.1 billion. The transit program is funded at $9.7 billion, an increase of approximately 8% over last year's level of $8.97 billion.

The bill also contains $3.6 billion for the Airport Improvement Program (AIP), an increase of $85.5 million above fiscal year 2007.

The House leadership hopes to have the bill considered by the full House by the end of June.

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