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Highway Trust Fund

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Highway Trust Fund

Highway Trust Fund (HTF) Cash Management Procedures

The Federal Highway Administration (FHWA) has notified State departments of transportation that HTF balances may dip below the threshold of $1 billion. If this occurs, FHWA will need to implement cash management procedures to limit timely reimbursements under the Federal-Aid Highway Program.

Additional information on HTF cash management procedures.


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

PDF: Highway Account Balance Chart

Status of the Highway Trust Fund - Fiscal Year 2022

HPLS-10
Table FE-1

October
2021
November
2021
December
2021
January
2022
February
2022
March
2022
April
2022
May
2022
June
2022
July
2022
August
2022
September
2022
Fiscal Year
to Date
Percent Change
from Prior Year
Highway Account
Opening Balance $14,264,103,331 $11,234,937,383 $14,264,103,331 13.0%
Receipts:
Net Tax Receipts 796,877,000 3,798,384,000 4,595,261,000 4.0%
Interest Income 350,002 523,783 873,785 -57.2%
Other Receipts 1,288,386 1,298,414 2,586,800 -100.0%
Total Receipts 798,515,388 3,800,206,197 - - - - - - - - - - 4,598,721,585 -69.0%
Transfers:
To Mass Transit Account 300,000,000 300,000,000 0.0%
From Mass Transit Account 2,110,210 2,110,210 -73.5%
Outlays 3,448,070,967 4,035,675,592 7,483,746,559 -6.2%
Receipts (379,610,369) 379,610,369 - - - - - - - - - - - 0.0%
Closing Balance 11,234,937,383 11,081,188,567 - - - - - - - - - - 11,081,188,567 -42.2%
Mass Transit Account
Opening Balance 6,878,390,356 6,541,551,876 6,878,390,356 34.2%
Receipts
Net Tax Receipts 103,739,000 544,092,000 647,831,000 4.2%
Interest Income 226,443 375,051 601,494 -32.0%
Other Receipts - - -100.0%
Total Receipts 103,965,443 544,467,051 - - - - - - - - - - 648,432,494 -83.0%
Transfers
To Highway Account - 2,110,210 - - - - - - - - - - 2,110,210 -73.5%
From Highway Account - 300,000,000 - - - - - - - - - - 300,000,000 0.0%
Outlays 440,803,923 434,043,481 874,847,404 -13.7%
Closing Balance $6,541,551,876 $6,949,865,236 - - - - - - - - - - 6,949,865,236 -15.5%

PDF: Table FE-1


Shortfall and Cash Management Procedures

To provide transparency regarding a potential HTF shortfall, the FHWA has prepared informational materials that are posted below. This includes a memorandum on Procedures for Reimbursement during a Highway Trust Fund Cash Shortfall that outlines cash management procedures such as frequency of reimbursements; how available cash would be allocated for reimbursements among States; and the process for reimbursements. In addition, there is a detailed Frequently Asked Questions document.

Page last modified on December 21, 2021
Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000