Highway Trust Fund: Options for Improving Sustainability and Mechanisms to Manage Solvency: Congressional Testimony
DIANE Publishing, 2009 - 18 pages
The Highway Account (HA) within the Highway Trust Fund (HTF) is the principal means for funding fed. highway programs. It channels about $33 billion in highway user excise taxes annually to states for highway and related spending. Estimated outlays from the HA exceeded estimated receipts throughout the authorization period -- FY 2005 through 2009. Furthermore, actual HA receipts were lower than had been estimated and the HA balance dropped more rapidly than anticipated, approaching zero in Aug. 2008. This statement summarizes work on: (1) the collection and distribution process for the HA of the HTF; (2) options for improving long-term sustainability of the HTF; and (3) mechanisms to help manage HA solvency. Figures.
What people are saying - Write a review
We haven't found any reviews in the usual places.
account balance dropped allocated amount analysis of FHWA anticipated Byrd Test collection and distribution communication with stakeholders Congress Department of Transportation DOT officials end of fiscal ensure existing solvency mechanisms factors affecting distribution failed the Byrd federal government Federal Highway Administration federal highway programs FHWA data fiscal year 2005 fuel taxes GAO analysis Gasoline guaranteed funding levels Heavy-vehicle help DOT better help manage Highway Highway Account balance Highway Account solvency Highway Trust Fund highway user excise HTF revenue improving long-term sustainability Infrastructure intended to help maintain Highway Account manage Highway Account manage the account Mass Transit Account mechanisms to help multiyear authorization act nation’s surface transportation natural gas obligation limitations options for improving outlays projected receipts were lower reimburse replenish the account September 2008 surface transportation programs trailer sales Transportation Equity Act Treasury in September Truck and trailer truck-related taxes Trust Fund percent unpaid commitments user excise taxes vehicle-miles traveled Washington