Page 33 - ATR 1 2014 web

not sufficient to maintain the funding
we have. There has to be new money;
there has to be federal dollars and at
some point Congress will have to figure
out a way.”
The trust fund has three accounts: “based oN the performaNce of the seNate oVer
the Highway Account that funds high- the last three Years a six-Year highwaY bill is
way construction, the Mass Transit a prettY big expectatioN.”
Account and “The Leaking Underground
Storage Tank Trust Fund.”
The expected shortfall will be with- —seN. roY blouNt (r-mo.)
in the Highway Account.
Primarily funded through the years
with various fuel taxes, the Highway
Account of the Trust Fund faces an
uncertain future in today’s political “The outlook for transportation have a tougher time getting through
charged climate in which taxes often funding is grim unless Congress can congress now.”
become the hot potato no one wants to figure out a way to increase revenues The U.S. DOT’s “Highway Trust
touch. into the Highway Trust Fund,” Kidd Fund Ticker,” basing its estimates on
The gasoline tax has been at 18.4 said. “We have not had an increase into current revenue and spending trends,
cents since 1993 and is not indexed for that fund since 1993 when the Clinton forecasts a zero balance in early August.
inflation. Revenue from the tax has administration proposed a 4-cent The Highway Account began Fiscal
declined since 2007 because of a poor increase in the Federal Fuel Tax. That Year 2014 with $1.6 billion in cash.
economy, fewer miles driven and more was a tough vote in 1993 to get passed A transfer of $9.7 billion from the
fuel efficient vehicles. and I’m sure that such a proposal would General Fund was made shortly after
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arKansas trucKing report | issue 1 2014 33