Variable Conditions: 2007 Forecast

A forecast of expenditures for public works across the U.S. includes details of questionnaire results regarding questions about 2007 budgetary expectations. Increases outpaced cuts by 5 to 1. Only 12 percent of the budgets were cut, and one-third was flat. Other factors favoring public works expenditures are: low inflation rates and low interest rates, and rising state and local tax revenues. Voters in 14 states have approved some $40 billion in additional money for construction and maintenance. Wastewater and sewage systems were reported to be a greater challenge in the short-term than roads and bridges. Also, larger communities are raising their budgets more rapidly than smaller ones. Staffing continues to be a problem at all levels due to salary caps and other related issues. The article includes extensive graphs and regional breakdowns.

• Record URL:
  http://www.pwmag.com/industry-news.asp?sectionID=768&articleID=438453
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1606878
• Publication Date: 2007-1

Language

• English

Media Info

• Media Type: Print
• Features: Figures; Photos;
• Pagination: pp 23-25, 27, 29-30, 33, 35, 37, 39-40, 43-44
• Serial:
  • Public Works
  • Volume: 138
  • Issue Number: 1
  • Publisher: Hanley Wood
  • ISSN: 0033-3840
  • Serial URL: http://www.pwmag.com

Subject/Index Terms

• TRT Terms: Bonds; Budgeting; Costs; Fees; Government funding; Infrastructure; Road construction
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01042958
• Record Type: Publication
• Source Agency: UC Berkeley Transportation Library
• Files: BTRIS, TRIS
• Created Date: Feb 9 2007 2:49PM