Obama budget request hits ports hard

Photo Source: www.whitehouse.gov

Excerpt from: American Shipper  | February 10, 2016

President Obama’s fiscal year 2017 budget request released on Tuesday would cut the U.S. Army Corps of Engineers Civil Works program, which is responsible for dredging the nation’s waterways and maintaining locks and dams critical to maritime commerce, by 30 percent from the $6 billion appropriated this year. Other programs important to the maritime industry and ports also come under the budget ax, with the exception of new freight-related highway and intermodal investments recently authorized by Congress.

The President’s budget also proposes a $432 million cut from appropriated levels, or 13.8 percent, in the Corps of Engineers’ Operations and Maintenance account and requests $986 million be appropriated from the Harbor Maintenance Trust Fund, down $1.25 billion from fiscal year 2016 funding levels.

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