DOT's $247 Billion Proposal Insufficient, Senate Panel Says

Sanchez, Humberto
May 2003
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p4
Trade Publication
Leaders of the U.S. Senate Environment and Public Works Committee criticized the Department of Transportation's legislative proposal to provide 247 billion dollar over six years for highway construction, mass transit projects, and transportation safety programs as too small to meet the nation's needs. The committee intends to draft a bill that would provide 311.5 billion dollar over six years, which includes 255 billion dollar for highways and 56.5 billion dollar for transit. The funding increase is likely to be encouraged by a menu of options currently being considered by the committee, including reclaiming the 2.5 cents per gallon tax on ethanol that now goes into the general fund.


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