This week, President Obama outlined his vision for increasing transportation investments, as he proposed a $302 billion, four-year highway, transit, and rail bill. The President’s proposal, which will be formally released next week as part of the President’s Fiscal Year 2015 Budget proposal, would represent a 38 percent increase in spending over current MAP-21 levels – the existing federal transportation funding program.
The one-time infusion of $150 billion in additional revenue would come through savings achieved through federal tax reform legislation. In addition, the U.S. Department of Transportation has released its Notice of Funding Availability for the sixth round of TIGER infrastructure investment grant program. This highly-competitive grant program will award not less than $120 million in grants to rural areas later this year.
For additional information on federal matters, please contact RCRC Senior Legislative Advocate Paul A. Smith at 916.447.4806 or psmith@rcrcnet.org.