Bleeding Heartland: Iowa turning stimulus road funds around quickly
Excerpted from this post at Bleeding Heartland
The U.S. House Transportation and Infrastructure Committee has been keeping track of how states are spending the stimulus funds allocated for roads. On September 2 the committee released a report ranking the states according to how much of the American Recovery and Reinvestment Act funding for highways and bridges had been put to work as of July 31. ... Of approximately $358 million Iowa received for highway and bridge projects, 85.1 percent was under contract and 74.9 percent was for projects already underway as of July 31. That's more than double the national average. Nationwide, about 40 percent of the stimulus road money was under contract and 32 percent funding construction that had already begun by the end of the July. Only 11 states had put even 50 percent of their stimulus road funds to work by that time.