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Obama Proposes $127B Transportation Budget for FY2014

President Barack Obama has proposed a $127 billion transportation budget for Fiscal Year 2014, indicating a 50.2 percent increase from 2013.

April 11, 2013

 

President Barack Obama has proposed a $127 billion transportation budget for Fiscal Year 2014, indicating a 50.2 percent increase from 2013.

The proposed budget includes a $50 billion program for transportation infrastructure improvements.

Obama proposed that $40 billion be used for “Fix-it-First” investments that would create jobs and support urgent repairs to roads and approximately 70,000 bridges across the United States. The remaining $10 billion would be used for new projects and innovation in infrastructure.

Additional funds would be used for rail and aviation systems.

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