Transportation funding investment increases in the House but awaits action in the Senate.
On July 20, the House passed, 220-207, a fiscal year (FY) 2023 transportation funding bill as part of a six-bill omnibus spending package set to kick off annual government funding negotiations. This bill provides $105 billion for the Department of Transportation, an over $2B total increase over FY2022 levels. The level of funding provided in this bill for key transportation construction formula and grant programs is roughly in line with the levels provided for in the Infrastructure Investment and Jobs Act (IIJA).
Of note, House lawmakers have included $3.7 billion in “Congressionally-Directed Spending,” better known as earmarks, for transportation related projects in their districts. FY2023 transportation funding legislation must now be taken up in the Senate.
A spokesman for the Senate Appropriations Committee recently stated that individual spending bills will be released by the end of the month and can be expected to be taken up by the Committee after the August Congressional recess.
AGC will continue to monitor this process, as, with the historic amount of discretionary grant funding provided for in the IIJA, Congress passing yearly government funding on time is more important now than ever.
For more information, contact Cory Gattie at [email protected].
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