Here’s the latest and greatest out of DC.
The Continuing Appropriations Resolution (CR), passed by the House and being debated in the Senate today, should be voted on at 5:30pm. This is the bill to fund the federal government whose fiscal year ends tonight and begins anew tomorrow, October 1st. Through a technical mishap, the one […]
From Mark Foster, CFO @ NCDOT
Rescissions occur when federal revenues are insufficient to cover previous budget authority. The budget authority given each year is the “maximum” available. The amount of “real billable” dollars is set by the annual obligation limit that is generally 80-90% of obligation authority. Even with that buffer, federal revenues have fallen […]
SENATE LEADERS EXPLORE POSSIBLE 3-MONTH SURFACE EXTENSION (TRANSPORTATION WEEKLY)
The chairman and ranking Republican on the Senate Environment and Public Works Committee are exploring the possibility of dropping their insistence on the eighteen-month extension of federal surface transportation programs requested by the White House and agreeing to the three-month timetable proposed in legislation passed by the […]
GENERAL FUND REVENUE REPORT & ECONOMIC OUTLOOK
Highlights
• The first two months of the fiscal year continue the trend
established in the last quarter of FY 2008-09 with negative
year-over-year growth in the economy-based taxes.
• The May consensus forecast anticipated an additional 1%
decline for 2009-10 in General Fund revenues (-1.7%
baseline).
• FY 2008-09 General Fund revenues were $3.22 billion […]
Boxer, Inhofe Agree on Extension (National Journal)
Senate Environment and Public Works Chairwoman Barbara Boxer and ranking member James Inhofe have agreed on extending surface transportation law by three months, putting them on par with what the House approved last week, sources on and off Capitol Hill said.
They have also agreed that any extension must retain […]
EDITORIAL: Changing gears on transportation (Detroit Free Press)
Nation needs smarter policies and funding system for the 21st Century
Nearly a decade into the 21st Century, the United States still lacks a comprehensive national plan to drive hundreds of billions of dollars of transportation investments that connect communities, fuel the economy, and shape patterns of growth […]
N.C. household income down, poverty up, census shows (WRAL.com)
Raleigh, N.C. — Newly released census figures show the median household income in North Carolina declined more than $3,500 over the past eight years and the percentage of households below the poverty line increased 2.3 percent.
The Office of Management and Budget defines the poverty threshold […]
Western North Carolina local governments see imbalance in road funding (Asheville Citizen Times)
Western North Carolina should be allowed to spend federal funds on an unfinished network of mountain highways without giving up other road money to the rest of the state, a growing number of local elected officials say.
Local boards are calling on the […]
Money top concern in road swap idea (New Orleans City Business)
Transportation official wants local governments to take over 5,000 miles of state highways
Louisiana’s 16,687 miles of state-owned roads are a “giant yoke hung around the neck of the state DOT that is weighing us down,” says Eric Kalivoda, assistant secretary for the Louisiana Department of […]
No smooth road ahead for transportation bill (The Atlanta Journal-Constitution)
Georgia to get $316 million less in highway funds this year
It is supposed to be the biggest overhaul in recent history to the nation’s transportation system, a $500 billion package that would add new lanes to the most congested highways, launch new mass-transit projects and totally […]
