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The U.S. Senate stopped a move by the House of Representatives to cut MAP-21, but the $105 billion program’s fate still under consideration.
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$11.5 billion of the $50.5 billion can go to any state, not just those directly affected by Sandy.
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Five-year water, wastewater infrastructure repair bill: $45 billion.
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Proposals to eliminate tax-exempt status would cost states and localities $258 billion for water and sewers and $178 billion for roads.
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Ironically, Water and Clean Water revolving loans are losing about as much as they gained in the 2009 stimulus package.
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Congress has until tomorrow to avert automatic federal spending cuts.
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In his State of the Union address last night, President Barack Obama urged fixing the worst assets – like the nation’s 70,000 structurally deficient bridges – first and expanding private investment in public assets.
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“Instead of embarking on megaprojects and central plans, governments are better off focusing on co-developing smaller scaled infrastructure with large firms, financed from user-fees rather than from the general tax revenue,” says study author.
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$6,000 a year ASCE graphics show economic impact of the trillion-dollar spending gap on average American.
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Water and wastewater revolving loans, FEMA state and local programs, and Community Development Block Grants are some of the federally funded programs in 11 agencies that’ll have less to share next year if Congress and the White House don’t balance the budget by Jan. 1, 2013.