TRUST FUND: A HISTORY OF STRUGGLE

Transit's dedicated source of federal funding, the 1-cent share of the 5-cent per gallon gasoline tax increase of 1982, has been subjected to continuing pressures, but it is expected that the fund will continue. Administration limits have been applied to the transit share while the highway portion (8 cents per gallon total) is being expended at a rate that could exhaust the existing surplus in the Highway Trust Fund by 1989. Because of increased highway fuel consumption, transit funds are being accumulated at the rate of $1.5 billion annually, about $400 million above original estimates. Whatever amount was to be appropriated, it seemed inevitable it would be dwarfed by requests for construction of transit projects. The history of the Highway Trust Fund and its transit-aid component are outlined, followed by observations on prospects for the future of federal funding for new-start rail transit projects.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1794668
• Corporate Authors:

  Carter (C Carroll)

  538 National Press Building
  Washington, DC  United States  20004
• Authors:
  • Patrick, E
• Publication Date: 1984-9

Media Info

• Pagination: p. 28-29
• Serial:
  • Mass Transit
  • Volume: 11
  • Issue Number: 9
  • Publisher: Cygnus Publishing, Incorporated
  • ISSN: 0364-3484
  • Serial URL: http://www.masstransitmag.com

Subject/Index Terms

• TRT Terms: Construction management; Federal government; Fuels; Light rail transit; Policy; Public transit; Rapid transit; Taxation
• Identifier Terms: Highway Trust Fund
• Old TRIS Terms: Construction operations; Government policies
• Subject Areas: Administration and Management; Construction; Energy; Finance; Highways; Policy; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 00390138
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 30 1984 12:00AM