fund News Updates

Business

Lawmakers Already Preparing for Future Road Funding Fights

WASHINGTON — Senior congressional lawmakers said they would push to come up with a long-term funding system for infrastructure projects during the next few years.

May 23, 2016
Government, Business

House Appropriators to Consider Transportation Funding Bill May 24

House appropriators on May 24 will take up a fiscal 2017 transportation funding bill that includes provisions related to truckers’ hours-of-service rules.

May 20, 2016
Government, Business

Senate OKs Fiscal ’17 Transportation Funding Bill With Trucking Provision

The Senate on May 19 voted 89-8 to pass a $56 billion transportation funding bill with a provision that would cap at 73 the allowable hours per week truckers could work before being required to take a rest break.

May 19, 2016
Government, Business

House Appropriators to Consider Transportation Funding Bill May 18

House appropriators on May 18 will take up a fiscal 2017 funding bill that is expected to include trucking-related provisions, Capitol Hill aides said.

May 16, 2016
Business

Treasury Department Rejects Central States Pension Fund Plan to Cut Teamsters Benefits

The U.S. Treasury Department, through Special Master Kenneth Feinberg, has rejected Central States Pension Fund’s proposal to cut benefits for 270,000 Teamsters retirees, often by half, saying the plan presented to the government failed to meet the requirements of a 2014 law.

May 9, 2016
Government, Business

Sen. Susan Collins Says HOS to Be Tweaked in Fiscal 2017 Transportation Funding Bill, According to Reports

Hours-of-service regulation would be tweaked under a fiscal 2017 transportation funding bill a Senate subcommittee advanced April 19, according to Sen. Susan Collins as quoted in Politico.

April 19, 2016
Government, Business

N.J. Gov. Chris Christie Says Transportation Fund Plan Up to State Legislature

Governor Chris Christie, responding to Democratic calls for him to replenish the multibillion-dollar fund for New Jersey highway and rail projects, said it was lawmakers’ responsibility to introduce a plan.

April 15, 2016
Government, Business

Planning Group Puts $43 Billion Price Tag on Illinois Transportation Fix

Cash-strapped Illinois needs $43 billion over 10 years to repair and improve its transportation network and boost the state economy, according to a report released on Monday by the Metropolitan Planning Council.

April 5, 2016
Government, Business

Minnesota Lawmakers Agree Transportation is Key, Disagree on Funding

Minnesota's top leaders can agree transportation funding is key to helping the state and Greater Minnesota in particular. Yet legislative leaders and Gov. Mark Dayton can't decide how transportation should be funded, let alone other rural issues lawmakers should discuss during the upcoming legislative session.

February 29, 2016
Government, Business

Massachusetts Gov. Charlie Baker Pledges More Money for Road Repairs, Projects

Gov. Charlie Baker is pledging more money to help cities and towns across Massachusetts fix potholed roads and decaying bridges, but municipal leaders say the money won't go far enough to address the state's myriad transportation woes.

February 23, 2016