Here's $622B: New $1.1 Trillion Spending Bill Means Big Gains for Construction Industry
The just-signed $1.1 trillion spending bill is a boon for the construction industry, boosting cash allocations for construction and giving a $622B 10-year tax break to companies.
The General Services Administration’s construction and acquisition account saw a 300% surge, up to $1.6B—impressive considering Senate lawmakers called for a GSA budget of $181M.
$948M of the GSA cash is for new courthouses—so courthouses like Broward County’s can fix their rat problems.
The Department of Veterans Affairs' construction budget doubled to $1.2B, which hopefully will cut down on vets waiting months for doctor’s appointments.
Associated General Contractors of America director of government affairs Jimmy Christianson says, "It will be a much better fiscal year in 2016 for construction than it was in 2015, and even [better] compared to some years prior.”