Tuesday, February 07, 2006

Good news, bad news

The Bush administration's proposed budget for fiscal year 2007 contains some good news and some bad news for the for the aggregates industry. The request for federal highway programs came in at $39.06 billion.  This is $3.4 billion more than last year and follows what was recommended in SAFETEA-LU.  Transit funding was set at $18.875 billion, $370 million more than last year and also in line with SAFETEA-LU.  However, the request for aviation programs came in at $12.2 billion, a $2.1 billion cut from 2006.  The Airport Improvement Program (AIP) receives only $2.75 billion, $765 million less than last year and almost $1 billion less than the amount authorized. The feds giveth and the feds taketh away. But it ain't over until it's over. Your comment?