Infrastructure projects could get a cash boost from Nov. 6 voting, with about $3.2 billion in state measures and some $36 billion in local initiatives passed, according to analyses and media reports.The American Road & Transportation Builders Association says 68% of its tracked measures passed, totaling $2.4 billion for road upgrades, including a tax hike in Arkansas set to raise $1.3 billion over 10 years. Among local measures approved was a sales-tax hike in Orange County, N.C., set to raise $661 million over 30 years. New Jersey voters said yes to $750 million for higher education, and those in Connecticut
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.