Savannah, GA,
05
March
2014
|
10:08 PM
America/New_York

2015 Budget Increase

Obama’s 2015 Budget Proposes $73 Bln. for Surface Transportation

President Obama’s budget proposal includes $73.61 billion for surface transportation spending in fiscal year 2015, a 1.8% increase over this year’s level as part of a four-year, $302.3 billion surface transportation plan. The Federal Highway Administration takes up nearly two-thirds of the plan, or $199.2 billion. In a March 4 press briefing, Transportation Secretary Anthony Foxx said better freight movement is one of his priorities, and the budget includes $10 billion over four years that covers highway, rail and port projects. Foxx emphasized the nation’s “infrastructure deficit” and the delay in maintenance projects, which “are getting more expensive by the year.” He said the president’s transportation budget would “put us on a path” to solving the problem. American Trucking Associations criticized the proposal, part of a $3.9 trillion federal budget, for failing to understand trucking’s key role in moving the nation’s goods.