State budgets are getting healthier but spending remains tight, and some states are calling for cuts in programs such as transportation. A National Governors Association-National Association of State Budget Officers (NASBO) survey, released on June 2, reports 14 states are recommending a total of $212.8 million in 2012 general-fund transportation cuts. Six states made midyear 2011 transportation reductions totaling $357.2 million, including $262.4 million in California and $84.4 million in Texas. The report doesn’t cover capital budgets, but capital spending on infrastructure is likely to be under pressure, says Scott Pattison, NASBO executive director. States’ fiscal 2012 general-fund spending is
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.