Federal FY 2024 Transportation Appropriations Finalized

AASHTO March 8, 2024

A more than $467 billion spending package passed by the House of Representatives includes six of the 12 annual appropriations bills for fiscal year 2024, including the Transportation-Housing Urban Development or THUD funding measure – the first of two “minibuses” expected to close out the FY 2024 appropriations process.

The Senate passed the measure 75–22, with three legislators abstaining from the vote, late on March 8, with President Biden into law. That spending measure keeps the federal agencies it covers operating through September 30.

The THUD funding package provides $107.1 billion in total budgetary resources, with $76.8 billion in obligation limitation from the Highway Trust Fund or HTF and $27 billion in discretionary resources out of the General Fund or GF.

Analysis by the American Association of State Highway and Transportation Officials indicates that all funding levels established by the Infrastructure Investment and Jobs Act or IIJA via HTF and GF advance appropriations are included within the THUD package. View the full article: AASHTOJournal.Transortation.org