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 October, includes a transfer of $100 million (reduced to $93,400,000 by a sequester) to the Highway Account from the Leaking Underground Storage Tank Trust Fund pursuant to section 31203 of P.L. 114-94.

PDF: Highway Account Balance Chart

Status of the Highway Trust Fund - Fiscal Year 2018

HPLS-10
Table FE-1

	October 2017	November 2017	December 2017	January 2018	February 2018	March 2018	April 2018	May 2018	June 2018	July 2018	August 2018	September 2018	Fiscal Year to Date	Percent Change from Prior Year
Highway Account
Opening Balance	$41,443,048,874	$37,860,628,725	$37,624,265,284	$37,398,378,132	$36,330,339,516	$37,929,467,306	$38,011,534,859	$38,221,266,262	$37,627,725,044	$37,063,044,142	$35,163,449,674	$31,842,487,041	$41,443,048,874	-19.4%
Receipts:
Net Tax Receipts	722,682,000	3,429,110,000	3,060,613,000	1,938,610,000	4,231,337,750	2,894,914,000	2,973,367,000	3,036,211,000	3,731,521,367	3,044,296,000	2,231,668,756	5,970,782,379	37,265,113,252	4.4%
Interest Income	33,357,957	32,275,419	34,184,390	41,168,610	36,876,034	48,679,798	51,725,689	52,828,101	52,530,145	58,055,226	54,265,818	46,862,948	542,810,134	93.0%
Other Receipts 1/	95,566,325	1,951,547	2,082,104	2,174,949	2,128,678	2,031,825	1,972,496	2,195,876	2,014,197	4,409,196	2,143,792	1,765,423	120,436,407	-6.0%
Total Receipts	851,606,282	3,463,336,965	3,096,879,495	1,981,953,559	4,270,342,462	2,945,625,623	3,027,065,186	3,091,234,976	3,786,065,709	3,106,760,421	2,288,078,366	6,019,410,750	37,928,359,793	5.0%
Transfers:
To Mass Transit Account	400,000,000	-	100,000,000	400,000,000	-	-	300,000,000	-	100,000,000	400,000,000	-	-	1,700,000,000	44.7%
From Mass Transit Account	-	-	9,825,717	2,322,039	-	-	3,078,925	7,705,568	10,961,662	18,660,983	13,747,227	-	66,302,121	28.4%
Outlays	4,034,026,431	3,699,700,407	3,232,592,363	2,652,314,214	2,671,214,672	2,863,558,070	2,520,412,708	3,692,481,763	4,261,708,273	4,625,015,872	5,622,788,225	5,256,525,721	45,132,338,718	0.3%
Closing Balance	37,860,628,725	37,624,265,284	37,398,378,132	36,330,339,516	37,929,467,306	38,011,534,859	38,221,266,262	37,627,725,044	37,063,044,142	35,163,449,674	31,842,487,041	32,605,372,070	32,605,372,070	-21.3%
Mass Transit Account
Opening Balance	14,850,439,399	14,581,681,673	14,367,259,454	14,250,119,550	14,322,718,040	14,266,693,686	14,078,764,986	14,130,194,908	13,678,667,464	13,400,622,081	13,378,819,478	12,463,030,008	14,850,439,399	-16.5%
Receipts
Net Tax Receipts	99,259,000	517,227,000	461,748,000	292,769,000	616,435,831	439,150,000	450,980,000	454,441,000	518,463,863	455,604,000	247,665,832	768,074,535	5,321,818,061	0.7%
Interest Income	12,305,149	12,542,682	13,164,429	15,855,023	14,289,098	17,946,054	18,809,657	19,179,768	18,772,714	21,299,513	20,566,692	18,068,408	202,799,186	99.0%
Other Receipts	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0%
Total Receipts	111,564,149	529,769,682	474,912,429	308,624,023	630,724,928	457,096,054	469,789,657	473,620,768	537,236,576	476,903,513	268,232,524	786,142,943	5,524,617,247	2.5%
Transfers
To Highway Account	-	-	9,825,717	2,322,039	-	-	3,078,925	7,705,568	10,961,662	18,660,983	13,747,227	-	66,302,121.00	28.4%
From Highway Account	400,000,000	-	100,000,000	400,000,000	-	-	300,000,000	-	100,000,000	400,000,000	-	-	1,700,000,000.00	44.7%
Outlays	780,321,875	744,191,900	682,226,616	633,703,495	686,749,282	645,024,754	715,280,810	917,442,644	904,320,298	880,045,133	1,170,274,767	1,347,110,689	10,106,692,262.50	7.0%
Closing Balance	$14,581,681,673	$14,367,259,454	$14,250,119,550	$14,322,718,040	$14,266,693,686	$14,078,764,986	$14,130,194,908	$13,678,667,464	$13,400,622,081	$13,378,819,478	$12,463,030,008	$11,902,062,262	11,902,062,262.24	-19.9%

1/ In October, includes a transfer of $100 million (reduced to $93,400,000 by a sequester) to the Highway Account from the Leaking Underground Storage Tank Trust Fund pursuant to section 31203 of P.L. 114-94.

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, 2018