Letter to the Honorable Sander M. Levin regarding the estimated revenue shortfall if spending authority for the Highway Trust Fund were extended beyond May 31, 2015

Report

CBO has estimated the revenue shortfall that would ensue if spending authority for the Highway Trust Fund were extended beyond May 31, 2015, when that authority expires, for various time periods. CBO assumes that spending would continue at historical rates following any extension and that minimum cash balances would be maintained in the Highway Trust Fund to enable the Department of Transportation (DOT) to manage the fund in the same fashion it has in recent years.

Extend Spending Authority Until September 30, 2015

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