Highway Funding Formula Change: States Guaranteed Return on User Taxes.
This bill modifies how federal funds for highways, safety, and environmental programs are distributed among states starting in Fiscal Year 2024. It guarantees that each state receives a minimum of 95% of the funding proportional to the highway user taxes its residents pay into the federal Highway Trust Fund. This change aims to ensure that states contributing heavily to the fund see a more direct return, potentially leading to better local road maintenance and infrastructure improvements.
Key points
The method for calculating state shares of federal highway funding programs is being replaced starting in FY 2024.
States are guaranteed to receive at least 95% of the amount proportional to the gas taxes and fees paid by their highway users into the federal fund.
Expired
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