Planetizen - Urban Planning News, Jobs, and Education

Pension Smoothing

December 10, 2014, 8am PST
Oil prices are at a five-year low with gasoline prices averaging $2.67 a gallon, lowest since February 2010. Furthermore, they are expected to drop another 17 cents to $2.50 a gallon in time for Christmas, so why not raise the gas tax by a nickel?
The Atlantic
November 14, 2014, 1pm PST
A huge challenge for the next Congress will be finding the funds to keep the Highway Trust Fund solvent when the current patch expires on May 31.
The Washington Post
August 1, 2014, 6am PDT
After the House rejected the Senate's amendments to their Highway Trust Fund extension bill, the Senate passed the bill 81-13 on July 31. Payments to states will continue unchanged through May 2015 when the next hurdle awaits
The Hill
July 30, 2014, 12pm PDT
Three days before Congress goes on recess and with the Highway Trust Fund approaching insolvency, the Senate passed a transportation bill notably different than the House version passed July 15, setting up a showdown between the two branches.
POLITICO Pro.
July 27, 2014, 1pm PDT
The Senate will hear four amendments to the House bill, passed July 15, in the last week of July. Sens. Boxer, Carper, and Corker want the funding extension to terminate on December 19 rather than May 31. On August 1, DOT reduces payments to states.
The Wall Street Journal
July 16, 2014, 2pm PDT
By a vote of 367-55, the House passed Rep. Dave Camp's "pension smoothing" bill to provide ten months of funding for the deficit-plagued Highway Trust Fund through May. A long-term (five- or six-year) funding plan will be attempted then.
Politico Morning Transportation
July 12, 2014, 7am PDT
Patch bills advanced in the Senate and the House on Thursday that would keep the Highway Trust Fund solvent through May 2015—good news for state DOTs that will see reduced federal reimbursements on August 1 unless a funding bill is passed soon.
Politico Morning Transportation