The fiscal year starting July 1 will be another tough one for states, with more spending cuts expected, says a new survey by the National Governors Association and National Association of State Budget Officers. Photo: National Governors Association NGA's Scheppach (left) and budget officers' Pattison discuss states dire fiscal picture. The groups' latest biannual “Fiscal Survey of the States,” released June 3, says that for fiscal 2010, which ends for 46 states on June 30, their total general-fund expenditures will be down by an estimated 6.8%, to $612.9 billion. For 2011, governors’ proposed budgets are forecasting a 3.6% pickup in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.