2012beof-111206092256-phpapp02

Plans and negotiations are in the early stages the

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Unformatted text preview: otiations are in the early stages. The lack of a multiyear federal surface transportation funding bill is also putting downward pressure on infrastructure work. This includes highways and bridges, water supply and distribution systems, waste treatment plants, aviation systems, communication facilities, and buildings. Instead of the normal six-year term for the bill, a two-year term is more likely. The projects funded will be short term in nature as they have been since 2009 when the Transportation Equity Act expired. This bill, as with all of the appropriations bills, is under intense budgetary pressure. To add to the uncertainty of future federal spending is the lack of consensus by the Joint Select Committee on Deficit Reduction that was charged with proposing major spending cuts. continued on page 72 71 2012 Colorado Business Economic Outlook Professional and Business Services continued from page 71 The ending of stimulus funds in 2010 and their nonrenewal in 2011 and 2012 resulted in a decline in public-sector spending, along with a decrease in outsourcing work to the private sector. Forecasts of reve...
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