Fiscal Year 2016 Budget
Overview
The President's Fiscal year 2016 Budget shows what we can do if we invest in America's future and commit to an economy that rewards hard work, generates rising incomes, and allows everyone to share in the prosperity of a growing America. It lays out a strategy to strengthen our middle class and help America's hard-working families get ahead in a time of relentless economic and technological change. And it makes the critical investments needed to accelerate and sustain economic growth in the long run, including in research, education, training, and infrastructure.
The President’s Budget provides a total of $94.7 billion in discretionary and mandatory funding in 2016 for the Department of Transportation to support infrastructure projects critical for long-term growth; improve America's roads, bridges, transit systems, railways, and aviation systems; enhance safety; spur job creation; and improve the way federal dollars are spent.
Funding Highlights
- Includes $478 billion for a six-year surface transportation reauthorization proposal to improve safety, support critical infrastructure projects and create jobs while improving America’s roads, bridges, transit systems, and railways.
- Reinforces the Department’s commitment to safety by making targeted investments that will strengthen the safety of our transportation system.
- Provides $14.3 billion in discretionary resources to fund air, maritime, rail safety, and pipeline and hazardous material transportation activities.
Reform Highlights
- Modernizes the infrastructure permitting process by cutting through red tape and getting more timely decisions on Federal permits and reviews.
- Dedicates approximately $6 billion over six years for a competitive grant program designed to create incentives for State and local partners to adopt critical reforms in a variety of areas, including safety and peak traffic demand management.
- Focuses airport grants to support smaller airports, while giving larger commercial service airports additional flexibility to raise their own resources.
