Transportation Industry
DOT Budget Cuts Highways
Transport Topics, February, 2008 by McNally, Sean
Administration Proposes Borrowing Transit Funds
President Bush's proposed Transportation Department budget for next year would increase DOT's spending slightly but cut highway spending more than $2 billion from last year, and it proposes to borrow funds from mass transit to cover a shortfall in the Highway Trust Fund.
The budget proposal brought criticism from Democrats in Congress, as well as from representatives of trucking and highway users.
The administration proposed an overall DOT budget of $68.2 billion in the 2009 fiscal year, up slightly from the $67 billion it proposed the previous year, but it would give the Federal Highway Administration $40.1 billion, a cut of $2.04 billion from 2008 and $1 billion less than Congress authorized in the 2005...
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