In 2023, spending by federal, state, and local governments for transportation and water infrastructure totaled $626 billion. This slide deck updates information that CBO released in 2018.
Surface Transportation
ReportCBO periodically issues a compendium of policy options and their estimated effects on the federal budget. This report presents 76 options for altering spending or revenues to reduce federal budget deficits over the next decade.
ReportCBO provides an overview of emissions of carbon dioxide (CO2, the most common greenhouse gas) in the transportation sector, describing the sources of and trends in such emissions and projecting their future path.
ReportIn this report, CBO describes public transportation in the United States and explains how the federal government supports mass transit. The report also explains how financing subsidies provide additional federal support.
ReportCBO examined two illustrative scenarios that would boost federal funding for a mix of types of physical infrastructure by $500 billion over 10 years. The two scenarios differ in how the additional spending would be financed.
ReportCBO discusses choices about revenues and spending that lawmakers face in addressing the shortfall in the Highway Trust Fund as well as options for subsidizing state and local governments’ financing of highway projects.
ReportCBO assesses whether public-private partnerships have resulted in projects being built more quickly or at a lower cost for taxpayers. CBO also examines whether partnerships that include private financing sped up project financing.
ReportCBO examines choices lawmakers would face in establishing a federal tax on the miles traveled by commercial trucks—including choices about the tax base, rate structure, and implementation methods—and illustrates how such a tax might affect the federal budget.
ReportSixty percent of state and local investment in transportation and water infrastructure is financed using tools that impose costs on the federal government: tax-exempt bonds, tax credit bonds, state banks, and direct federal credit programs.