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4-4-2014 Federal Transportation Briefing
House budget proposal for FY 15
Congressman Paul Ryan’s FY 2015 budget proposal, reported out of the House Budget Committee this week on a 22-16 vote, would allow transportation funding to go over the “fiscal cliff.” In contrast to the administration proposal and also a tax reform plan from Ways and Means Chair Camp released last month, the House FY 2015 budget contains no provisions to address the Highway Trust Fund shortfall, expected to begin impacting the rate of reimbursements to states by this summer. In addition, states would be prevented from obligating any new highway projects in FY 2015. This would allow for existing revenues to sustain higher levels of investing in FY 2016.
Without additional revenues for the Trust Funds, outlays for FY 2015 under the Ryan proposal would be reduced by $13 billion. However, since FY 2015 funding is already established (via the Ryan-Murray agreement signed four months ago), the new proposal is unlikely to take effect.
Funding/authorization expiration dates:
Jan. 18, 2014 – 3-day Continuing Resolution (H J Res 106) (However, HR 3547, FY 2014 omnibus appropriations bill through Sept. 30, 2014, is expected to be signed by the President before expiration of the CR)
Sept. 30, 2013 - water resource and development programs (WRDA of 2007)
Sept. 30, 2013 - passenger rail and freight safety programs (PRIIA of 2008)
Sept. 30, 2014 - surface transportation programs (MAP-21)
Sept. 30, 2015 - aviation programs (Air Transportation Modernization & Safety Improvement Act, 2012)
Read Entire Article: 4-4-2014 Federal Briefing