Tuesday, April 28, 2009

Conference Committee Restores Transportation Funding

The report of the Conference Committee on the Budget Resolution was released by Senate Budget Committee Chairman Kent Conrad late yesterday, and it does contain good news for the construction industry. The proposed joint resolution, which will come to the floor of both houses for voting later this week, restores all the transportation construction funding which the Senate resolution had cut from the House version. Of course, year by year it will be up to Congress to actually appropriate the budgeted funds, but at least the present plan is favorable to a quicker recovery of the construction economy, particularly in the heavy civil construction sector.
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