How to reform harbor funding

In Politics by Michael Rae

America’s ports and harbors are critical links in the global supply chain. Ensuring that U.S. harbors have sustainable funding sources is crucial to a stable supply chain. However, the current Harbor Maintenance Trust Fund is not a suitable long-term funding mechanism.

The Harbor Maintenance Trust Fund (HMTF) is funded by the Harbor Maintenance Fee (HMF) imposed on imported cargo, domestic cargo, passengers on cruise ships, and ships entering a foreign trade zone. Created in 1986, the Harbor Maintenance Fee was originally a 0.04% tax on the goods being loaded and offloaded at ports. The fund quickly grew to cover 100% of