highway funding
Federal funding pitfall prompts states to increase gas taxes
Six states will increase their gas taxes July 1 as a means to replace lacking federal funds for highway projects, according to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy (ITEP). The Hill reports that… Keep Reading
Multiyear highway bill emerges
The Senate introduced a six-year, $275 billion bill to fund the federal government's highway program. The bill, called the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, appropriates nearly $43 billion per year for transportation spending, The… Keep Reading
Congress explores highway funding sources in hearings
Both chambers of Congress explored sources to fund a surface transportation bill during hearings on Capitol Hill, the National Stone, Sand & Gravel Association (NSSGA) reports. The House Ways and Means Committee held a hearing on the long-term financing of… Keep Reading
Gas tax hike unlikely, says House Majority Leader
Don't expect a gas tax increase anytime soon. That's what House Majority Leader Rep. Kevin McCarty (R-Calif.) tells the Wall Street Journal in an exclusive interview. “We make policy in the world of politics," McCarty says. "If you thought, “Well,… Keep Reading
House bill would keep highway funding level in FY 2016
The U.S. House of Representatives has passed a fiscal 2016 spending bill to fund transportation and housing projects. The Hill reports that the House passed the $55.3 billion legislation by a close 216-210 vote, with all but three Democrats voting… Keep Reading
Senate and House propose 2-month highway program extension
With the May 31 highway program extension expiration drawing closer, the Senate and House of Representatives laid the groundwork for a two-month extension of the Highway Trust Fund contract authority and expenditure authority, reports the National Stone, Sand & Gravel… Keep Reading
House Speaker’s comments point to short-term highway bill
House Speaker John Boehner (R-Ohio) indicated Congress would likely have to pass a short-term highway bill, according to the Wall Street Journal. “There’s a conversation going on between Democrats and Republicans, House and Senate, over how to deal with the… Keep Reading
What was Michigan thinking?
Many states, tired of waiting for the federal government to properly fund highway infrastructure, are taking matters into their own hands. And a few are failing miserably. Last summer it was Missouri, where the state’s voters soundly defeated a proposed… Keep Reading
Nye looks forward, back for Martin Marietta
Ward Nye, chairman, president and CEO of Martin Marietta Materials Inc., offered some perspective on the company's recent performance and an outlook for the remainder of 2015 upon the release of Martin Marietta's latest quarterly report. According to Nye, the… Keep Reading
