NEW YORK BUILDING CONGRESS
The key federal funding source for highways, bridges and mass transit capital funding expires at the end of the month with no likelihood of a long-term reauthorization. At this point, it seems most likely that Congress will extend existing legislation for one to two years, with funding formulas holding at 2005 levels. As a result, New York State transportation agencies that planned on increased funding in the coming years with a new transportation bill, now face even deeper capital budget deficits, which will further jeopardize critical improvement and expansion projects.
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Tags: Department of Transportation, National Infrastructure Bank, New York Building Congress, Obama Administration, Reauthorization, SAFETEA-LU
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Bipartisan, Bridges, Highway, Infra Views, National, Policy, Rail, Roads, Transit
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