Federal funds obligated by federal, state and local departments of transportation (DOTs) have increased 56 percent over the last fiscal year, according to analysis of federal data by the American Road & Transportation Builders Association (ARTBA). The DOTs have obligated $7 billion so far during Fiscal Year (FY) 2013, which began Oct. 1, 2012, compared to $4.5 obligated during the same period last year.
According to the ARTBA report, $2.3 billion was obligated in January, which is a 13 percent increase over the $2 billion obligated in January 2012.
“The current obligations levels are much more in line with what we expect to see in the marketplace,” said ARTBA Chief Economist Dr. Alison Premo Black. “The passage of MAP-21 has provided some stability—obligation levels were quite low in FY 2012 and FY 2011 as state transportation departments were dealing with a series of continuing resolutions for the federal aid program.”