In its fiscal year 2015 budget request, the Obama administration requested $90.9 billion for the U.S. Department of Transportation (DOT).
In its fiscal year 2015 budget request, the Obama administration requested $90.9 billion for the U.S. Department of Transportation (DOT). The money would be used to address the country’s growing infrastructure deficit and as an investment in the national infrastructure network.
“President Obama has offered the kind of aggressive transportation budget our country needs—one that replenishes the Highway Trust Fund today while also helping ensure the country has a safe, efficient transportation system for tomorrow,” said U.S. Transportation Secretary Anthony Foxx. “These funds will do everything from helping communities tackle their transportation to-do lists to improving access to ladders of opportunity. And we will do everything at the Department of Transportation to make this budget a reality, including sending a bill to Congress to support it.”
The DOT budget also includes a four-year, $302 billion surface transportation reauthorization proposal that will improve America’s highways and transit networks, continue building on the DOT’s overall safety record, while also ensuring a stable funding source for rail. The proposed budget would be paid for with $150 billion from transition revenue generated from business tax reforms, along with current revenues from the gas tax.
This four-year plan includes $199 billion to rebuild America’s roads and bridges. The budget provides $72 billion to help meet the growing demand for transit, in addition to $19 billion to create and improve passenger rail service and $6.7 billion to build on the DOT’s highway safety achievements.
The FY 2015 transportation budget also includes $2.2 billion for a Rapid Growth Area Transit Program to link people to job and educational opportunities in fast growing areas, along with $120 million for a workforce development program.
The budget also will provide $8 million to support an Interagency Infrastructure Permitting Improvement Center that will spearhead efforts to improve and expedite the federal approval and permitting processes across government.
In addition to providing $10 billion over four years to strengthen the country’s freight system, the FY2015 budget proposal includes $40 million over two years to support multimodal prevention and response efforts that will improve the safe transportation of energy products.