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Problems Predicted for
Highway Trust Fund
The bruises from the protracted fight over the latest federal
transportation bill, SAFETEA-LU, are barely healed, but industry
and state officials are worried about the health of the Highway
Trust Fund. What compounds the problem is that the most obvious
remedy for the fund, hiking federal motor fuel taxes, is anathema
to the White House and many in Congress.
With the trust fund projected to exhaust its cash balance
in 2008, a study released Nov. 3 by the U.S. Chamber of Commerce's
National Chamber Foundation outlines steps to bolster the
fund's finances. (See a summary at www.uschamber.com/ncf/publications/default.)
The report, done by Cambridge Systematics, says that trust
fund annual revenue between 2006 and 2015 will be $23 billion
short of what it takes to maintain current road and transit
conditions and $48 billion below federal spending needed to
make improvements.
To prevent the fund from running in the red, the report,
Phase II of a two-part study, lists various options. These
include indexing fuel taxes for inflation, adding the trust
fund's interest to its balance, steering 10 percent of federal
customs revenue to the fund and expanding use of tolls and
innovative financing. Further in the future, the report says
the federal government could add a tax on hybrid vehicles
and states and localities could impose fees based on vehicle
miles traveled. A Hudson Institute report issued in August
had similar ideas.
But at a conference at the Chamber of Commerce, congressional
aides and industry executives raised cautionary flags about
some of the options. Associated General Contractors CEO Stephen
E. Sandherr says indexing or raising the fuels tax is "the
most rational, fairest, flattest way to take care of the problem."
But he notes that the current political environment "makes
it a tough, uphill battle to get a gas tax increase passed."
Drafters of SAFETEA-LU, the Safe, Accountable, Flexible,
Efficient Transportation Equity Act: A Legacy for Users, saw
the trust fund's looming problem. The legislation, enacted
Aug. 10, establishes a National Surface Transportation Policy
and Revenue Study Commission to evaluate highway and transit
needs and financing, including "alternative revenue sources."
Its report is due July 1, 2007. Source:
Engineering News-Record. By Tom Ichniowski.
OSHA Awards Grant
to Georgia Tech to Train Workers Involved in Gulf Coast Rebuilding
The Occupational Safety and Health Administration has awarded
a one-year, $400,000 training grant to the Georgia Tech Research
Institute to help train workers involved in cleanup and rebuilding
in Gulf Coast areas damaged by hurricanes Katrina and Rita.
The grant is funding GTRI researchers to develop and provide
training materials and conduct training sessions addressing
occupational and safety health hazards that may be encountered
by disaster recovery workers, supervisors and employers.
The training will target those providing skilled support
services, such as utility, demolition, debris removal and
heavy equipment operation, as well as site clean-up services,
and recovery activities, including the rebuilding and reconstruction
of the damaged areas.
Work zone safety and fall protection for people working on
roofs are two top priorities.
ABC Launches VeteransBuildAmerica.org
Associated Builders and Contractors and Orion International,
a military placement agency, recently launched VeteransBuildAmerica.org,
a website that links U.S. veterans making the transition from
the military sector to civilian life with construction contractors
seeking employees.
The website allows job seekers to search for specific positions
in certain geographic areas. Veterans can also browse through
lists of available positions, or post their resumes for employers
to review.
United Rentals Opens Branch in Homestead,
Fla.
United Rentals recently opened its newest branch in Homestead,
Fla. The facility will provide equipment rentals, new and
used equipment sales, repair and maintenance services and
supplies.
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