The fiscal year starting on July 1 will be another tough one for states, with more spending cuts expected. A new survey by the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO) says one area likely to be trimmed in some states is transportation. The latest biannual NGA-NASBO �Fiscal Survey of the States,� released on June 3, says that, for fiscal 2010, which ends for 46 states on June 30, state general-fund expenditures will fall an estimated 6.8%, to $612.9 billion. For 2011, governors� proposed budgets foresee a 3.6% spending rise, but that still would
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.