WCI Reflects on Inland Waterways Industry in 2006
As the inland waterways industry looks back on 2006 and forward to 2007, Waterways Council, Inc. • President Bush’s FY 2007 proposed budget requested a record level of federal funding for 11 Inland Waterways Trust Fund (IWTF)-financed projects. The budget request proposed FY ’07 spending of $394 million for Inland Waterways Trust Fund financed projects, of which $197 million would come from the dedicated Inland Waterways Trust Fund. The remainder would come from general treasury funds, as required under current law. The President’s FY ‘07 budget request is the highest funding recommendation for IWTF funded projects since cost-sharing legislation was enacted into law in 1986.
President’s Budget Requests Record Level of Funding for IWTF
President Bush’s FY 2007 proposed budget requests a record level of new federal funding for 11 Inland Waterways Trust Fund (IWTF)-financed projects. The budget request proposes FY ’07 spending of $394 million for Inland Waterways Trust Fund financed projects, of which $197 million will come from the dedicated Inland Waterways Trust Fund. The remainder would come from general treasury funds, as required under current law. The President’s FY ‘07 budget request is the highest funding recommendation for IWTF funded projects since cost-sharing legislation was enacted into law in 1986. The proposed FY 2007 budget also requests record level federal funding for the entire U.S. Army Corps of Engineers Civil Works program of $4.733 billion.