trust fund

Congress Begins Grappling With New Surface Transportation Funding Bill

The current federal surface transportation funding bill expires this summer. A crucial revenue source is the federal gas tax trust fund, now chronically insolvent. The federal gas tax hasn’t been raised in 16 years, and it isn’t indexed to inflation. A highway system built in the 1950s and 1960s continues to wear down under heavy use, increasing funding needs for Read More ›