Highway Funding
Proposed DOT budget features six-year surface transportation program
February 13, 2012President Barack Obama’s $74 billion budget for the U.S. Department of Transportation (DOT) in FY 2013 includes a six-year, $476 billion surface transportation reauthorization proposal designed to improve America’s highways and transit networks, ensure these systems are safe and give travelers new options by enhancing and expanding passenger rail service, DOT announced. The proposed budget would be fully paid for using half the six-year savings achieved from ramping down the wars in Iraq and Afghanistan, with the other half used to pay down the national debt. The six-year budget includes $305 billion to rebuild America’s roads and bridges, a 34 percent increase over the previous authorization, DOT said. View a budget summary document.
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