By Mark Holan, editorial director, ARTBA
Nine states have delayed or cancelled transportation project valued at nearly $4 billion due to declining revenues and other program and lettings disruptions caused by the COVID-19 pandemic. Another seven local governments are taking similar actions, bringing the total closer to $5 billion.
At least 14 states and one transportation authority also have publicly projected declining revenues totaling a loss of $2.64 billion, though this does not mean their programs will be cut by the same amount. And five states have vetoed, canceled, or postponed legislative initiatives or ballot measures related to $734 million in potential transportation funding because of the pandemic.
This information–including state-by-state details–is found in the “Impacts of COVID-19 on State & Local Transportation Revenues & Construction Programs” memorandum, a new feature in the Members Only section of ARTBA’s website. The regularly updated memo is being paired with ARTBA’s “Transportation Project Impacts State-by-State Compilation,” which in 37 updates since mid-March has detailed the pandemic’s changing effects on active work sites.
The new revenue memo is compiled by ARTBA Chief Economist Dr. Alison Premo Black. It includes her analysis of federal and state data, ARTBA member and other industry intelligence, and news reports. It will be kept updated, like the project memo.
The Members Only page also includes links to recordings of five ARTBA-sponsored webinars about how the pandemic is impacting the transportation design and construction industry.
For questions, or to provide information for the “Revenue Impacts” memo, please contact Dr. Black. To learn about ARTBA membership, please contact ARTBA’s Member Services and Senior Program Manager Krystal Taylor.