Trust fund vote in house
Article Abstract:
The House of Representatives on Apr. 17, 1996 passed the Truth in Budgeting Act to separate the highways, airports and airways, inland waterways and harbor maintenance user-financed trust funds from the federal funds. The bill will protect the funds from budget cuts. The inclusion of these funds in the federal budget allows Congress and the administration to decrease budget deficits without cutting other federal projects. The Clinton Administration resisted moving the trust funds off-budget. The Alliance for Truth in Transportation Budgeting gathered support for the legislation.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1996
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Taxing matters for trust funds
Article Abstract:
The legislation to move four transportation trust funds off-budget is one of many issues affecting the future of the trust funds. The Congressional Budget Office says that revenues to Highway Trust Fund will increase from $21 billion in the fiscal year 1995 to $23.7 billion by 1996. The Airport and Airway Trust Fund expects a drain on its funds due to the Jan 1996 expiration of user fee revenues. The Airport Improvement Program funds for Federal Aviation Administration facilities also have decreased.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1996
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Here come the budget cuts
Article Abstract:
Congress and President Clinton are negotiating budget cuts to successfully generate a balanced budget and, currently, infrastructure projects are not being cut as steeply as expected. The House budget does not include Clinton's over $2 billion infrastructure cut for 1996 but rather funds highways at $20.4 billion, an increase over 1995. The Clean Water Act and Safe Drinking Water Act loans have not yet been considered while some civilian research programs have been significantly cut.
Publication Name: Civil Engineering
Subject: Science and technology
ISSN: 0885-7024
Year: 1995
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