The Highway Trust Fund is a fund used to finance countless road construction and repair projects across the country. And it’s going to run out of money soon. It could run out as early as this July, but the official date when the current highway in place stops funding the Highway Trust Fund is September 30th.
To prevent this from happening, talks are underway to get a new highway bill together. Earlier this year President Obama announced his plan to fund and significantly overhaul the nation’s transportation system, at a cost of $300 billion dollars. The Highway Trust Fund needs $100 billion in the next six to maintain its current spending on transportation projects, according to the Washington Post.
Earlier this month, several members of the Senate, including the Transportation and Infrastructure subcommittee chair Sen. Tom Carper announced that they were working on a new highway funding bill. According to overdriveonline.com, the priorities for the next bill include:
- Passing a long-term bill, as opposed to “a short-term patch;”
- Maintaining the formuls for existing core programs;
- Promoting fiscal responsibility by keeping current levels of funding, plus inflation;
- Focusing on policies that expand opportunities for rural areas;
- Continuing our efforts to leverage local resources to accelerate the construction of transportation projects, create jobs, and spur economic growth; and
- Requiring better information sharing regarding federal grants
It’s as of now unclear where funding for the new highway bill would come from. Proposals from various members of Congress and the President have included raising gas taxes, reforming corporate taxes, changing the tax code to redirect funding to highways, and a vehicle mileage tax.
Evan Transportation was founded in 1992 by Jerry Wolfarth, who at the time had over 25 years of experience in the trucking and transportation industry. The initial operation consisted of a few trucks and drivers who were dedicated and professional. The goal of the company was to provide excellent, dependable service.
If you need materials and products moved in the Mid-Atlantic region, contact Evan Transportation. We hire professional drivers with excellent driving records, and maintain a fleet of trailers and vehicles that are reliable and ready to roll. We service the following areas:
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New Jersey
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Delaware
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Maryland
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Central Pennsylvania and points east
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West Virginia (eastern part of the state)
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Northern Virginia
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Richmond
Contact us today for all of your freight shipment needs or call us at 443-673-3365
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Sources
http://www.overdriveonline.com/sorting-through-highway-funding-plans-several-irons-in-the-fire/