Webinar | October 2020

Impact of COVID-19 on Transportation Revenues and Construction

Roger Moore

The COVID-19 pandemic has created significant budget shortfalls for state and local governments across the nation. As the financial stress becomes more apparent, many policymakers have begun considering how revenue declines will impact transportation funding and construction projects in the years ahead. Although many projects were deemed essential at the outset of the pandemic and continued without interruption, more than a dozen states, including several in the South, have announced project delays and cancellations valued at more than $5 billion dollars nationally. Moreover, numerous initiatives and ballot measures related to transportation funding have been postponed due to the pandemic. This program outlines the near- and long-term impacts of the pandemic on transportation funding and construction by highlighting how states are responding to the anticipated decline in revenues on critical transportation projects.

Presentation:

Alison Premo Black, Ph.D., Chief Economist, American Road & Transportation Builders Association, Washington, D.C.