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Diane Publishing Books
Highway Trust Fund and the Treatment of Surface Transportation Programs in the Federal Budget
Sarah Puro (au)
The federal government spends more than $50 billion per year on surface transportation programs, mostly in the form of grants to state and local governments. Much of this spending is for highways and mass transit programs financed through the Highway Trust Fund. Those programs have an unusual treatment in the federal budget, and the way they are classified in the budget facilitates the spending of more money from the trust fund than there are dedicated revenues to support such spending. Those revenues come from excise taxes on the sale of motor fuels, trucks and trailers, and truck tires, and from taxes on the use of certain kinds of vehicles. This report describes the status of the Highway Trust Fund and options that the Congress might consider to address the imbalance between revenues and spending from the fund. Part of the discussion concerns the transportation programsäó» unique budgetary classification and how that treatment limits the effectiveness of the standard mechanisms for budgetary control. Tables and figures. This is a print on demand report.
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