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  A Nationally-Recognized Resource in Infrastructure Financing April 17, 2011  
 

Inside Transportation

 

From Capital Partnerships LLC

 

H.R. 1473 CUTS HIGH SPEED RAIL AND OTHER PROGRAMS

 

On April 14th, Congress voted to pass the latest continuing resolution, H.R. 1473, which will fund government programs through the remainder of the 2011 fiscal year ending September 30. President Obama signed the bill into law on April 15, 2011. As we have been reporting, transportation funding has suffered cuts with each continuing resolution while the House of Representatives moves to minimize government spending. In the last week, the Department of Transportation has seen more than $8 billion trimmed from its budget. Along with cuts for some programs such as TIGER and the general fund, high-speed rail (loss of more than $2.5 billion), transit New Starts (loss of $400 million), and unspent transportation-related earmarks (loss $630 of million) have been eliminated altogether.

     
 
 

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