July 7, 2014 – According to NSSGA, the Senate Finance Committee is targeting this week to decide on how to temporarily fix the Highway Trust Fund. The Congressional Budget Office estimated June 27 that the Highway Trust Fund will require a $6.6 billion infusion of cash to continue uninterrupted payouts to the states through the end of the year and approximately $1.5 billion to shore up a separate shortfall in the transit account. The Senate Finance Committee met the previous day to hash out where exactly the $8.1 billion total will come from and what the panel can agree to on a bipartisan basis prior to the HTF becoming insolvent before the end of July.
Fixing a Flat
- Written by Mark Kuhar