American Road & Transportation Builders Association (ARTBA) President & CEO Pete Ruane released the following statement regarding President Obama’s Fiscal Year 2016 budget:
“The President’s budget recognizes the obvious. Status quo federal investment levels in America’s highways, bridges, and transit systems just won’t cut it anymore and isn’t a formula for strong economic growth.
“Passage of a robust, six-year transportation investment proposal as envisioned by the President would send the right signal to states planning new projects and to private sector companies contemplating whether to hire workers and make capital investment decisions.
“However, we shouldn’t put the horse before the cart. The most immediate challenge facing Congress and the President is reaching agreement on a sustainable revenue source to fix the beleaguered Highway Trust Fund before the next extension expires at the end of May. We urge them to check political expediency at the door and work together to quickly find a permanent funding solution for the nation’s transportation networks.”