Transportation: Bid to extend highway funding hits procedural wall (The National Journal)
Despite backing from both parties, a Senate deal to extend surface
transportation law for three months and restore $8.7 billion in spending
authority collapsed Wednesday night when several Republicans objected to
the source of money to pay for the fix.
The breakdown came just hours before the existing […]
Senate clears stop-gap spending measure for Obama’s signature (The Hill)
The Senate passed a stop-gap spending measure, allowing government to continuing operating beyond Wednesday, the last day of the fiscal year.
The continuing resolution, cleared largely along party lines by the Senate on a 62-38 vote, extends funding to government agencies at the levels in the 2009 […]
Shortchanged again, WNC demands highway dollars back
Western North Carolina has steadily lost out on tens of millions in federal highway dollars over the past decade, despite the money being specifically earmarked for the region.
Mountain leaders sent a message to both Raleigh and Washington this week to restore a special pot of money for highway projects […]
Here’s the latest and greatest out of DC.
The Continuing Appropriations Resolution (CR), passed by the House and being debated in the Senate today, should be voted on at 5:30pm. This is the bill to fund the federal government whose fiscal year ends tonight and begins anew tomorrow, October 1st. Through a technical mishap, the one […]
Here’s the latest and greatest out of DC.
The Continuing Appropriations Resolution (CR), passed by the House and being debated in the Senate today, should be voted on at 5:30pm. This is the bill to fund the federal government whose fiscal year ends tonight and begins anew tomorrow, October 1st. Through a technical mishap, the one […]
This is a memo by the General Assembly staff outlining which bills are considered eligible in the Short Session beginning in May.
From Mark Foster, CFO @ NCDOT
Rescissions occur when federal revenues are insufficient to cover previous budget authority. The budget authority given each year is the “maximum” available. The amount of “real billable” dollars is set by the annual obligation limit that is generally 80-90% of obligation authority. Even with that buffer, federal revenues have fallen […]
SENATE LEADERS EXPLORE POSSIBLE 3-MONTH SURFACE EXTENSION (TRANSPORTATION WEEKLY)
The chairman and ranking Republican on the Senate Environment and Public Works Committee are exploring the possibility of dropping their insistence on the eighteen-month extension of federal surface transportation programs requested by the White House and agreeing to the three-month timetable proposed in legislation passed by the […]
GENERAL FUND REVENUE REPORT & ECONOMIC OUTLOOK
Highlights
• The first two months of the fiscal year continue the trend
established in the last quarter of FY 2008-09 with negative
year-over-year growth in the economy-based taxes.
• The May consensus forecast anticipated an additional 1%
decline for 2009-10 in General Fund revenues (-1.7%
baseline).
• FY 2008-09 General Fund revenues were $3.22 billion […]
Boxer, Inhofe Agree on Extension (National Journal)
Senate Environment and Public Works Chairwoman Barbara Boxer and ranking member James Inhofe have agreed on extending surface transportation law by three months, putting them on par with what the House approved last week, sources on and off Capitol Hill said.
They have also agreed that any extension must retain […]
