Under the new bill, the Highway Trust Fund would need more funding to get through the next five years.
Jeff Davis takes a closer look at the Congressional Budget Office’s updated forecast of the Highway Trust Fund cash flow and the added cost of the Senate Environment and Public Works Committee’s highway bill, S. 2302, introduced by Senator John Barrasso.
"That new CBO baseline estimates that over the next five years, the Highway Trust Fund will need about $72 billion in new revenues or transfers in order to keep paying its bills, assuming current tax rates and the 2020 spending levels given annual inflation increases," says Davis.
Davis crunches the numbers to estimate how S. 2302 would affect the cash flow of the Highway Account. "Under this model, the Highway Account would need an additional $75 billion in additional revenues or transfers to fund the Barrasso bill."
Davis also reviews estimates for the Mass Transit Account, which would need another $27 billion under S. 2302. As a result, the Highway Trust Fund would need a total of $102 billion in additional revenues or transfers to get through the end of the 2025 fiscal year.
FULL STORY: How Does the New CBO Baseline Affect the Senate Highway Bill?
Oregon Passes Exemption to Urban Growth Boundary
Cities have a one-time chance to acquire new land for development in a bid to increase housing supply and affordability.
Where Urban Design Is Headed in 2024
A forecast of likely trends in urban design and architecture.
Savannah: A City of Planning Contrasts
From a human-scales, plaza-anchored grid to suburban sprawl, the oldest planned city in the United States has seen wildly different development patterns.
Washington Tribes Receive Resilience Funding
The 28 grants support projects including relocation efforts as coastal communities face the growing impacts of climate change.
Adaptive Reuse Bills Introduced in California Assembly
The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.
LA's Top Parks, Ranked
TimeOut just released its list of the top 26 parks in the L.A. area, which is home to some of the best green spaces around.
City of Rochester
Boston Harbor Now
City of Bellevue
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.