Since its inception in 1971, Amtrak has received over $23 billion in Fed. subsidies for operating capital expenses. Over the last 3 yrs., Amtrak has received over $3.6 billion, including about $2.2 billion in 1998 and 1999 that it could use for capital improvements, etc. This report discusses: changes since 1995 in Amtrak's operating costs, including labor costs, payments to freight railroads to access their track, and int. on commercial debt; the projected changes over the next 5 years; and Amtrak's plans to address these costs; Amtrak's short- and long-term capital invest. requirements; and the availability of Fed. and non-Fed. funds for Amtrak's capital invest. Charts and tables.
The Transportation Equity Act for the 21st Century (TEA-21) authorized $217 bill. for surface transportation programs. TEA-21 continued the use of the Highway Trust Fund as the mechanism to account for Fed. highway user tax receipts that fund various surface transportation programs. This report discusses: the Treasury Dept.'s process for allocating highway user tax receipts to the Highway Account of the Fund; FHWA's process for estimating motor fuel usage & the contributions to the account that are attributable to highway users in each state; & the impact of these processes on the amount of highway program funds distributed to each state. Charts & tables.
A hearing held to look at the current financial situation of Amtrak and to determine the best way to handle Amtrak's fiscal and financial situation, including the best way to address capital needs. Witnesses include: Thomas M. Downs, Pres. and CEO, Amtrak; Donald M. Itzkoff, Deputy Administrator, Federal Railroad Admin., U.S. Dept. of Transportation; Phyllis F. Scheinberg, Assoc. Dir., Transportation Issues, Resources, Community, and Economic Development, General Accounting Office; Karen Borlaug Phillips, Assoc. of American Railroads; and Senators Kay Bailey Hutchison, John McCain, Ron Wyden, Daniel K. Inouye, and John F. Kerry.