The VOICE of Construction
The Associated General Contractors of America, the voice of the construction industry since 1918, is an organization of qualified construction contractors and industry-related companies dedicated to Skill, Integrity, and Responsibility.
AGC - San Diego Chapter, Inc. has been in existence since 1927. AGC is dedicated to improving the construction industry daily by educating the industry to employ the finest skills, promoting use of the latest technology, and advocating building the best quality projects for owners, both public and private.
January 16, 2017
Life After Measure A...Missed Revenue Estimate Creates Concern, But
All Okay with Future Help from Sacramento and Washington, D.C.
By Brad Barnum, Executive Vice President
On November 8, 2016, over 58% of San Diego County voters supported Measure A, a ½ cent sales tax increase to pay for needed transportation projects throughout the region over the next 40 years. Unfortunately, that was 8% less than the two-thirds required for passage, and not meeting that threshold has its consequences.
The defeat of Measure A comes at a bad time. The revenue growth from the current ½ cent TransNet tax is lower than expected, the State of California is grappling with a $59 billion backlog of state highway projects, a $73 billion backlog of local street and road projects, and the Federal Highway Trust Fund is running out of money. Let's take a look at the transportation funding crisis we find ourselves in, and the activities at the local, state, and federal level that could alleviate some more...