Wednesday, July 29, 2015

Congress Ready to Pass Yet Another Short-Term Transportation Bill Extention

Surprise, surprise! Oh wait, no it's not. Streetsblog USA is reporting that  Congress is getting ready to pass the 35th extension to the current federal transportation funding bill. Yes, 35th. The House passed a five month extension initially but the Senate moved forward with a six-year bill. Then the House decided on a three month extension instead for some reason and the Senate caved and agreed to it.

One condition of this agreement is that House leaders swore that they will work on a long-term bill as soon as they return from an August break. In the meantime, seven states have stopped construction projects worth almost $2 billion because of uncertainties at the federal level.

The three month extension expires Oct. 29, so around Oct. 1 we'll start the countdown to another extension.

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