u.s. chamber of commerce map-21 reauthorization & the federal highway trust fund janet f....
Post on 21-Jan-2016
214 Views
Preview:
TRANSCRIPT
U.S. CHAMBER OF COMMERCE
MAP-21 Reauthorization & the Federal Highway Trust Fund
Janet F. Kavinoky
U.S. Chamber of Commerce
April 15, 2015
U.S. CHAMBER OF COMMERCE
The Time is Now
May 31: MAP-21 expires (again)
Authorization for policy, programs, spending
Sets funding levels
Summer 2015: Highway Trust Fund cash receipts run short
Lettings slowdown
Delays to major projects
Uncertainty affects business outlook
U.S. CHAMBER OF COMMERCE
Federal Roles in Funding, Finance
U.S. CHAMBER OF COMMERCE
U.S. CHAMBER OF COMMERCE
U.S. CHAMBER OF COMMERCE
Simply to maintain current levels of direct
federal funding for highways and transit requires $91 billion in new revenues over the next six years (2016-
2021).
Required to Maintain Spending
U.S. CHAMBER OF COMMERCE
What Is Needed?
2010 Capital
Spending
Maintain Conditions
/ Performan
ce
Improve Conditions
/ Performan
ce
Highways
Transit
U.S. CHAMBER OF COMMERCE
Three Broad Options Near Term
Cut spending to revenue-supported levels
Maintain or increase through general funds
Identify new and/or increase existing transportation-related taxes and fees
U.S. CHAMBER OF COMMERCE
The Five-Star Revenue Source
Transportation-related taxes and fees
Dedicated, ongoing revenue streams
Sustainable source, structure
Adequate for maintaining or full funding
Federally-collectible
1
2
3
4
5
U.S. CHAMBER OF COMMERCE
Long-Term Question: How to Pay
U.S. CHAMBER OF COMMERCE
Vehicle Miles Traveled 1971-2014
U.S. CHAMBER OF COMMERCE
Janet KavinokyU.S. Chamber of Commercejkavinoky@uschamber.comwww.fasterbettersafer.org
top related