Welcome to the 2024 federal budget appropriations season. Time is running out on efforts to close the gap between House and Senate spending bills and a budget impasse is looming.
The House and Senate transportation spending bills do agree on two things. Both bills set the formula highway funding total at $60.1 billion, an increase of $1.3 billion (2%) above 2023. Both bills also set the transit formula level at $13.4 billion, a 3% increase over 2023. Beyond that, the House and Senate bills differently significantly.