A $336 Billion Question
February 16, 2011 – President Obama's initial budget for transportation, on first glance, makes your eyes pop. According to an analysis by The National Stone Sand and Gravel Association, the president is requesting $70.5 billion for highways and bridges for FY ‘12, a $29 billion increase over the FY ‘10 enacted funding level. Also, $27.65 billion of that increase is in "Up-Front" funding, intended to jump-start job creation and progress on highway and bridge projects. This number represents the first year of a six-year $336 billion proposal to rebuild America’s infrastructure and comes with several sweeping changes in transportation policy. But once you get past the excitement of a $336 billion, six-year transportation reauthorization, that's where the questions start. How do we pay for it?
Published: Thursday, 17 February 2011 09:47
Written by Mark Kuhar
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