President Obama’s 2014 budget proposes a total of $76.6 billion in discretionary and mandatory funding for the Department of Transportation, which is an increase of 5.5 percent, or $4 billion, compared with the 2012 enacted level.
The budget would:
- Allocate $40 billion for a planned five-year rail reauthorization proposal to upgrade the freight rail system, as well as passenger rail services and new high-speed rail corridors.
- Fully fund the authorized funding levels provided in the Moving Ahead for Progress in the 21st Century Act for surface transportation programs.
- Reserve funding after the expiration of MAP-21 in 2015 for a long-term reauthorization of surface transportation programs.
- Support a pipeline safety program.
- Spend nearly $1 billion on aviation modernization.
The budget also includes an additional $50 billion intended to jumpstart economic growth and job creation, including $40 billion for “Fix-it-First” projects to improve existing infrastructure and $10 billion to help spur states and local innovation in infrastructure development.