Transportation Projects on Hold
As budget deficits worsen and credit ratings drop, many states are having to delay transportation and other infrastructure projects. According to today's New York Times:
"...Gov. Arnold Schwarzenegger warned Monday that the state was “on a track toward disaster” as it ceases highway, school and bridge construction because of budget and credit woes.
California, which has suspended nearly $4 billion in public works projects, is one of a half dozen states delaying or halting projects because of capsizing budgets, an inability to attract investors to the municipal bonds used to bankroll many projects and a reduction in gasoline tax revenues — which underlie a lot of transportation financing."
Click HERE to read the full article.
The current situation puts even greater emphasis on a federal economic stimulus package to get transportation projects moving again. The American Association of State Highway and Transportation Officials has compiled a helpful list of links to ready-to-go projects in various states. Does your state have a comprehensive list of ready-to-go infrastructure projects?