BOND ISSUES TARGET SCHOOLS, ROADS

Voters will cast ballots Nov. 5 for a wide array of measures that could mean a lot of local work for design and construction firms. Financing for schools and highway projects is at the top of the list of issues for voter approval, but under pressure from dwindling state and municipal budgets. Califo...

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Bibliographic Details
Published inENR Vol. 249; no. 18; p. 10
Main Author Sherie Winston, with Tom Ichniowski, Paul B. Rosta, Tony Illia, Mary B. Powers, Kathleen McFall and Rick Stouffer
Format Trade Publication Article
LanguageEnglish
Published New York BNP Media 28.10.2002
Subjects
Bond issues
Construction
Project finance
Referendums
States
Tax increases
Transportation planning
Voting
United States > US
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Summary:Voters will cast ballots Nov. 5 for a wide array of measures that could mean a lot of local work for design and construction firms. Financing for schools and highway projects is at the top of the list of issues for voter approval, but under pressure from dwindling state and municipal budgets. California has the most money at stake, with billions of dollars of investment in school, transportation, water and building projects at the mercy of voters. The state's public school districts and community colleges collectively are proposing an estimated $10 billion in local bond issues, including $3.3 billion in Los Angeles for new construction.
ISSN:0891-9526