Report says House transpo bill spells doom for Highway Trust Fund

Congressional Budget Office predicts $9.4 billion shortfall by 2021

Funding News The Journal of Commerce February 14, 2012
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The Congressional Budget Office (CBO) predicts the House transportation bill will sink the Highway Trust Fund into the red by the end of FY 2021.

 

The six-year measure calls for $260 billion in federal funding, but according to a report released by the CBO the plan would create a $9.4 billion shortfall in the U.S. DOT’s core account in less than 10 years. The analysis also indicates the newly created Alternative Transportation Fund will drop to $68.9 billion over the same time period.


Rep. Nick Rahall (D-W. Va.), ranking member on the House Transportation & Infrastructure Committee, said the bill “would destroy 550,000 American jobs.”

 

To view a pdf of the CBO analysis, click here.

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