Highway Trust Fund

Status of the Highway Trust Fund

The actual receipts, outlays and balances will be posted each month shortly after month-end as the information becomes available.

Graph | Table

In January: The Highway Account received a transfer of $51.9 billion from the General Fund pursuant to section 31201 of P.L. 114-94 and a transfer of $100 million from the Leaking Underground Storage Tank Trust Fund pursuant to section 31203 of the same law. The Mass Transit Account received a transfer of $18.1 billion from the General Fund pursuant to section 31201 as well.

PDF: Highway Account Balance Chart

Status of the Highway Trust Fund - Fiscal Year 2016

HPLS-10
Table FE-1

	October 2015	November 2015	December 2015	January 2016	February 2016	March 2016	April 2016	May 2016	June 2016	July 2016	August 2016	September 2016	Fiscal Year to Date	Percent Change from Prior Year
Highway Account
Opening Balance	$9,040,357,630	$7,135,940,746	$6,054,362,947	$5,545,564,243	$57,666,212,792	$58,518,511,050	$58,311,698,716	$58,151,313,459	$57,017,995,080	$55,409,853,180	$54,373,578,595	$51,789,894,588	$9,040,357,630	-20.5%
Receipts:
Net Tax Receipts	701,147,000	3,537,806,000	2,912,698,000	2,874,343,000	3,450,990,843	2,831,499,000	3,046,701,000	2,424,638,403	2,891,383,000	3,038,133,000	2,824,614,720	5,528,433,614	36,062,387,580	0.9%
Interest Income	59,712	244,000	601,858	6,108,996	12,262,637	12,590,975	8,547,728	10,347,348	10,239,925	10,974,533	11,844,988	8,143,294	91,965,993	6492.8%
Other Receipts 1/	2,263,220	1,759,518	1,809,696	52,001,945,429	95,258,392	2,306,182	2,253,444	1,699,580	3,201,389	2,058,202	2,882,190	2,075,507	52,119,512,749	755.5%
Total Receipts	703,469,932	3,539,809,518	2,915,109,554	54,882,397,425	3,558,511,872	2,846,396,157	3,057,502,172	2,436,685,332	2,904,824,313	3,051,165,735	2,839,341,898	5,538,652,414	88,273,866,323	111.0%
Transfers:
To Mass Transit Account	265,000,000	-	-	280,000,000	-	-	240,000,000	-	-	296,000,000	-	89,000,000	1,170,000,000	-6.1%
From Mass Transit Account	-	-	27,331,312	-	-	3,319,686	17,158,944	9,961,844	10,872,360	2,826,827	-	6,968,816	78,439,789	173.4%
Outlays	2,342,886,816	4,621,387,318	3,451,239,570	2,481,748,876	2,706,213,615	3,056,528,177	2,995,046,373	3,579,965,554	4,523,838,574	3,794,267,147	5,423,025,906	5,810,090,973	44,786,238,897	4.3%
Closing Balance	7,135,940,746	6,054,362,947	5,545,564,243	57,666,212,792	58,518,511,050	58,311,698,716	58,151,313,459	57,017,995,080	55,409,853,180	54,373,578,595	51,789,894,588	51,436,424,845	51,436,424,845	469.0%
Mass Transit Account
Opening Balance	2,869,390,996	2,805,670,802	2,505,111,743	1,706,779,013	20,019,124,006	19,959,058,229	19,666,170,901	19,820,438,111	19,459,942,733	18,909,568,841	18,860,421,379	18,170,277,225	2,869,390,996	-17.3%
Receipts
Net Tax Receipts	94,080,000	513,327,000	422,758,000	417,157,000	483,361,435	415,072,000	446,450,000	358,664,657	416,892,000	437,985,000	386,729,751	769,236,436	5,161,713,279	2.2%
Interest Income	22,575	119,683	265,996	2,120,647	4,238,646	4,306,482	2,910,884	3,563,114	3,542,930	3,774,756	4,162,363	2,872,783	31,900,860	6343.2%
Other Receipts 1/	-	-	-	18,100,000,000	-	-	-	-	-	-	-	-	18,100,000,000	805.0%
Total Receipts	94,102,575	513,446,683	423,023,996	18,519,277,647	487,600,081	419,378,482	449,360,884	362,227,771	420,434,930	441,759,756	390,892,114	772,109,219	23,293,614,139	230.5%
Transfers
To Highway Account	-	-	27,331,312	-	-	3,319,686	17,158,944	9,961,844	10,872,360	2,826,827	-	6,968,816	78,439,789	173.4%
From Highway Account	265,000,000	-	-	280,000,000	-	-	240,000,000	-	-	296,000,000	-	89,000,000	1,170,000,000	-6.1%
Outlays	422,822,768	814,005,742	1,194,025,414	486,932,654	547,665,858	708,946,124	517,934,729	712,761,306	959,936,462	784,080,392	1,081,036,268	1,242,028,119	9,472,175,836	6.8%
Closing Balance	$2,805,670,802	$2,505,111,743	$1,706,779,013	$20,019,124,006	$19,959,058,229	$19,666,170,901	$19,820,438,111	$19,459,942,733	$18,909,568,841	$18,860,421,379	$18,170,277,225	$17,782,389,509	$17,782,389,509	519.7%

1/ In January, includes a transfer of $51.9 billion to the Highway Account and $18.1 billion to the Mass Transit Account both from the General Fund pursuant to section 31201 of P.L. 114-94. In addition, includes a transfer of $100 million to the Highway Account from the Leaking Underground Storage Tank Trust Fund pursuant to section 31203 of the same law.

PDF: Table FE-1

Should a situation occur where FHWA cannot fully reimburse States, the agency may take some or all of the following actions:

Move from daily to weekly reimbursements
Align reimbursements with Trust Fund deposits (twice monthly)
Make proportional payments to States based on available Trust Fund cash

These are some of the possible actions FHWA might take in the event of a cash shortfall. The specific actions would depend on the exact nature of the shortfall.

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Page last modified on October 18, 2016