DOT: Transit Account Raided to Fill Highway Trust Fund Gap
\nPROGRAMS FUNDED BELOW SAFETEA-LU "GUARANTEES"<\/p>\n
The Department of Transportation was among the hardest hit in the proposed FY2009 budget. The budget calls for DOT to receive $57.1 billion for FY2009, which is about a 10 percent cut from current funding levels. The rationale for the decrease is lower-than-anticipated gas tax receipts flowing into the trust fund. To address the projected shortfall, the budget cuts highway funding by more than 4 percent and would allow money to be moved from the mass transit account to help maintain the highway trust fund.<\/p>\n
The administration estimates that it will need to take about $3.3 billion from the mass transit account in FY2009. According to the American Association of State Highway and Transportation Officials, the deficit could reach $12 billion unless action is taken to shore up the trust fund.<\/p>\n
The proposed budget would fall short of the funding levels authorized in the 2005 transportation authorization legislation (SAFETEA- LU). Nonetheless, Transportation Secretary Mary Peters said that the department would spend the authorized levels over the life of the law. The administration is also asking Congress for $175 million for a program to combat highway congestion.<\/p>\n
Amtrak is again slated for a major cut in funding. Last year Congress provided $1.35 billion for Amtrak. This budget asks for $800 million, an amount insufficient to continue current levels of service. DOT: Transit Account Raided to Fill Highway Trust Fund Gap PROGRAMS FUNDED BELOW SAFETEA-LU "GUARANTEES" The Department of Transportation was among the hardest hit in the proposed FY2009 budget. The budget calls for DOT to receive $57.1 billion for FY2009, which is about a 10 percent cut from current funding levels. The rationale for the … <\/p>\n
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\nhttps:\/\/www.planning.org\/apaadvocate\/default.htm<\/a>oldId.2008022705070569<\/p>\n","protected":false},"excerpt":{"rendered":"