Two-Year Transportation Reauthorization Bill To Be Introduced In July

The Senate Environment & Public Works Committee is set to introduce a $97 billion, two-year transportation bill after the July 4 recess that will have a deficit of $12 billion. The House is said to be working on a six-year bill.

"The bill has strong bipartisan support from the committee's "Big Four": Chairman Barbara Boxer, D-Calif., Sen. James Inhofe, R-Okla., the ranking member, Sen. Max Baucus, D-Mont., and Sen. David Vitter, R-La., the chairman and ranking member of the highway subcommittee."

From D.C. Streetsblog: Expect Two (Radically Different) Reauthorization Proposals Soon:
"It costs $12 billion more than the Highway Trust Fund will bring in, meaning the Finance Committee will need to find a way to pay for that overage. (According to the CBO, the trust fund is projected to bring in $85.5 billion in 2012 and 2013, so that would mean a $97 billion bill.)"

Key to the Boxer bill is the fact that Sen. Baucus chair's the Senate Finance Committee that will be tasked with finding the $12 billion that is unfunded in the EPW bill.

The Senate bill would have to be reconciled with the expected six-year House Transportation Committee bill under the leadership of John Mica (R- FL.)

Thanks to Streetsblog New York City

Full Story: Committee Poised to Introduce Transportation Bill

Comments

Comments

wrong approach

This is absolutely not helpful. A shorter authorization leaves us with no incentive for hiring, no rational for long term planning and no certainty of funds for completion of multi-year work programs. Even if the overall funding level was lower, the certainty generated by a long term bill would produce better results. A 10 year bill would seem more appropriate. This bill gets pushed off every time it comes due thanks to our spineless legislators complete inability to deal with the fact that government is funded by taxation. Boxer continues to be a dismal failure in this post. Infrastructure requires long term thinking, not 2 year patches.

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