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States Begin The Big Push

Publication Date: 2/25/2009
Author: Tom Ichniowski and Pam Hunter
Format: HTML

Description:
States across the country are moving rapidly to start turning their shares of newly approved economic stimulus money into construction contracts. States are in line to receive about $40 billion of the stimulus measure’s estimated $130 billion in construction-related funds. That state funding includes $26.8 billion for highways, $7.4 billion for transit, $3.9 billion for clean water state revolving funds, about $2 billion for drinking-water SRFs and $3.1 billion for state energy programs. Most of those funds will be distributed among states according to existing formulas.

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