The federal Highway Trust Fund (HTF)—the source, on average, of more than 50 percent of U.S. capital investments in roads and bridges annually—is in peril. The U.S. Department of Transportation has warned that it might have to slow down reimbursements to state and local governments to preserve a positive trust fund balance and prevent insolvency sometime this summer. And if Congress and the President don’t act by October 1, there will be no new money for federal highway and bridge project in fiscal year 2015.
ARTBA’s Chief Economist Dr. Alison Premo Black and ARTBA Senior Vice President of Government Relations Dave Bauer will provide their insights on the HTF situation and other factors impacting national and state construction markets, and address the outlook for the reauthorization of the 2012 Surface Transportation Bill, Moving Ahead for Progress in the 21st Century Act (MAP-21) during a 60-minute April 3 webinar. They will also provide:
• A snapshot of current highway, transit, bridge, ports and waterways, and airport runway market conditions during the first quarter of 2014, and a forecast for the remainderof the year;
• An examination of which state markets are doing well and which are not;
• Transportation investment revenues developments at the state level; and
• A federal legislative update on other policy issues that could impact the construction market.
Registration for the event is $125 (ARTBA members) and $150 (non-members). Contact ARTBA’s Brie Johnson with questions.