U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky...
-
Upload
magdalen-phelps -
Category
Documents
-
view
214 -
download
1
Transcript of U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky...
![Page 1: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/1.jpg)
U.S. CHAMBER OF COMMERCE
MAP-21 Reauthorization & the Federal Highway Trust Fund
Janet F. Kavinoky
U.S. Chamber of Commerce
April 15, 2015
![Page 2: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/2.jpg)
U.S. CHAMBER OF COMMERCE
The Time is Now
May 31: MAP-21 expires (again)
Authorization for policy, programs, spending
Sets funding levels
Summer 2015: Highway Trust Fund cash receipts run short
Lettings slowdown
Delays to major projects
Uncertainty affects business outlook
![Page 3: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/3.jpg)
U.S. CHAMBER OF COMMERCE
Federal Roles in Funding, Finance
![Page 4: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/4.jpg)
U.S. CHAMBER OF COMMERCE
![Page 5: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/5.jpg)
U.S. CHAMBER OF COMMERCE
![Page 6: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/6.jpg)
U.S. CHAMBER OF COMMERCE
Simply to maintain current levels of direct
federal funding for highways and transit requires $91 billion in new revenues over the next six years (2016-
2021).
Required to Maintain Spending
![Page 7: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/7.jpg)
U.S. CHAMBER OF COMMERCE
What Is Needed?
2010 Capital
Spending
Maintain Conditions
/ Performan
ce
Improve Conditions
/ Performan
ce
Highways
Transit
![Page 8: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/8.jpg)
U.S. CHAMBER OF COMMERCE
Three Broad Options Near Term
Cut spending to revenue-supported levels
Maintain or increase through general funds
Identify new and/or increase existing transportation-related taxes and fees
![Page 9: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/9.jpg)
U.S. CHAMBER OF COMMERCE
The Five-Star Revenue Source
Transportation-related taxes and fees
Dedicated, ongoing revenue streams
Sustainable source, structure
Adequate for maintaining or full funding
Federally-collectible
1
2
3
4
5
![Page 10: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/10.jpg)
U.S. CHAMBER OF COMMERCE
Long-Term Question: How to Pay
![Page 11: U.S. CHAMBER OF COMMERCE MAP-21 Reauthorization & the Federal Highway Trust Fund Janet F. Kavinoky U.S. Chamber of Commerce April 15, 2015.](https://reader031.fdocuments.net/reader031/viewer/2022020417/5697bfac1a28abf838c9b6df/html5/thumbnails/11.jpg)
U.S. CHAMBER OF COMMERCE
Vehicle Miles Traveled 1971-2014