President Joe Biden has proposed a $1.5-trillion budget framework for fiscal 2022 that would emphasize infrastructure, efforts to combat global warming and more spending for all federal departments and major agencies—except the US Army Corps of Engineers civil works program, which would get a 12.9% cut.
The budget request, released on April 9, applies only to discretionary spending programs and thus—importantly for the construction industry—excludes key infrastructure budget accounts. Among those are the federal-aid highways and portions of the federal airport and transit grants programs, which rely greatly on trust funds.