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- W283080169 abstract "TEA-21, which expires on September 30, 2003, funded more than $220 billion in highway and mass transit projects over its lifetime, a 40% increase over the six-year authorization that preceded it. Industry executives and state officials are trying to increase the next bill's level by as much as 50% from the total passed in 1998. But federal budget surpluses that were present as recently as 2001 are now gone, and there are steep deficits on the federal and state levels. Observers are expecting the White House spending request to be no higher and perhaps even lower. For fast-growing states such as Arizona, state officials say an increase in federal funds is crucial. Transportation leaders are looking to congressional leaders to support their cause, with Transportation and Infrastructure Committee Chairman Don Young (R.-Alaska) taking the lead position. In the Senate, Environment and Public Works Committee Chairman James Inhofe (R.- Oklahoma) is the leader player. Widespread support in congress will likely lead to an increase, but perhaps not at the same rate as in the past. As a political long shot, some are proposing raising federal motor fuels taxes, which have remained unchanged since 1993. Other industry-backed ideas include keeping interest from the Highway Trust Fund for transportation measures rather than sending it into the general fund as currently happens. That would bring in up to $4 billion. In addition to funding, the successor to TEA-21 will give congress a change to rewrite some of the restrictions and rules for spending federal money. The U.S. Department of Transportation hopes to simplify rules and speed projects." @default.
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- W283080169 date "2003-02-03" @default.
- W283080169 modified "2023-09-23" @default.
- W283080169 title "TEA-21 SUCCESSOR FACES SQUEEZE" @default.
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