Another Temporary Extension

The article examines the reasons for the need for eight extensions for the TEA-21 reauthorization. The latest extension will only provide a breather through July 19. While congressional negotiators continue to issue reassuring statements that they are coming "closer and closer" to an agreement, the fact remains that, until recently, they were unable to reach definitive closure on several key issues. These included the minimum rate of return guarantee to the states on their payments into the Highway Trust Fund, the percentage of funds to be included in the formula used to calculate each state's rate of return, the authority to earmark projects and the share of funds to be allocated to transit. Partly the reasons why the agreement has been so hard to reach are complex. Partly they have to do with the different ways in which the two houses of Congress operate; another point of contention between the House and the Senate is the issue of the guaranteed rate of return and the related questions of the bill's "scope", i.e., the portion of the total highway funds in the bill to be included in the calculation of each state's return. One remaining unanswered question is the position of the White House. Will the Administration stick to its oft-repeated threat of vetoing any bill that exceeds the House adopted ceiling of $284 billion? Or will it accept the $2.5 billion increase as the price of getting a major piece of legislation enacted?

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: 2p
  • Serial:
    • Innovation Briefs
    • Volume: 16
    • Issue Number: 4
    • Publisher: Urban Mobility Corporation
    • ISSN: 1071-393X

Subject/Index Terms

Filing Info

  • Accession Number: 01003652
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 1 2005 4:21PM