Ports Lauds President’s FY 2013 Budget Proposal for Increasing HMF Spending

The American Association of Port Authorities issued a press release lauding the Obama Administration for proposing to spend $848 million from the Harbor Maintenance Fund (HMF) in FY 2013, a $90 million (12%) increase over the Administration's FY 2012 budget request. AAPA advocates for full use of the Harbor Maintenance Tax’s collections for the dredging of U.S. deep-draft navigation channels, and expressed disappointment that the request does not approach the $1.4 billion collected annually by the tax.