The Office of Management and Budget (OMB) recently released its latest estimate of Highway Trust Fund receipts. The report projects revenue of $1.7 billion more into the highway account of the Highway Trust Fund than was estimated earlier this year when OMB projected that receipts would fall short by $2.3 billion of the funding levels set in SAFETEA-LU.
The new estimate still reports that incoming revenue will not fund the SAFETEA-LU levels, but the short fall now is projected to be $600 million by the end of fiscal year 2009 when SAFETEA-LU expires.