HMT Trust Fund Coalition, 2011 Budget

Sunday, February 07, 2010

The Harbor Maintenance Trust Fund Fairness Coalition expressed disappointment in President Obama's budget proposal for the 2011 U.S. Army Corps of Engineers - Civil Works Program. The Coalition said the proposed budget of $4.887b continues to inadequately invest in our nation's water resources infrastructure, and it reflects an additional $565m cut below what was enacted by Congress for the Corps in Fiscal Year 2010.

"The proposed cuts in investment for this nation's coastal navigation needs are critically restrained and will result in serious reductions in channel dimensions," declared Barry Holliday, Chairman of the HMTF Fairness Coalition.

The Coalition also expressed its concerns over the impact these cuts will have on port and waterway safety and economic viability, and the lost opportunity for job creation. The Coalition has expressed to the Administration and to Congress that fully using all the tax revenues annually generated by the Harbor Maintenance Trust Fund for the operation and maintenance of the Federal ports and waterways is critical to the economy of the nation.

"The Administration's budget ignores the declining condition of these channels, denying efficient and safe operation of ships, ferries and other commercial vessels using our federally authorized navigation projects. Further degradation in the efficiency of maritime transportation due to inadequate dredging will slow our nation's economic recovery and employment gains," Holliday said.

The Harbor Maintenance Trust Fund Fairness Coalition was established in 2008, to seek legislation that will ensure that all tax revenues annually generated by the Harbor Maintenance Trust Fund are used for their intended purpose - operation and maintenance of Federal ports and waterways. Member organizations represent a broad spectrum of maritime interests, including maritime unions, shippers, carriers, ports, major trade associations, coalitions, regional port and waterway organizations, dredging contractors, and States.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption

Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0772 sec (13 req/sec)