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Making Headlines in Government Markets This Week
New York passes record $254B budget with spending boosts
Nearly four months of negotiations ended as New York lawmakers have passed a $254 billion state budget, the largest in state history. The budget makes significant investments across transportation, education, social services and environmental programs while preparing...
New Jersey’s $5.33B plan prioritizes infrastructure preservation
New Jersey has proposed a $5.33 billion Transportation Capital Program for fiscal year 2026, with most funding coming from the state's Transportation Trust Fund and federal resources. The plan directs $2 billion from the TTF and approximately $3.25 billion in federal...
California launches $3.3B behavioral health infrastructure plan
California is investing billions of dollars to create a statewide behavioral health system that improves mental health services and facilities. The California Department of Health Care Services (DHCS) has announced $3.3 billion in grants through the Bond Behavioral...
FTA offers $1.5B to expand clean bus fleets, manufacturing
The Federal Transit Administration (FTA) has made around $1.5 billion available to help expand bus fleets and manufacturing through two programs. Entities will have the opportunity to apply for a share of the $1.1 billion Low or No Emission Grant Program (Low-No...
AASHTO outlines path to more efficient project funding
The U.S. Department of Transportation (USDOT) received a clear message from one of its major partners, the American Association of State Highway and Transportation Officials (AASHTO), a nonprofit representing departments of transportation from all 50 states, the...
Arkansas voters pass $385M bond for sewer upgrades
Sewer system improvements in Fort Smith, Arkansas, are primed to move forward following a special election that advanced a $385 million bond issue. Extensive repairs and upgrades to the city’s sewer system are required under a 2015 federal consent decree between the...
DOE audits $15B in grants for energy, manufacturing projects
The Trump administration halted spending, loans and other actions and activities previously planned by the Department of Energy (DOE). Following the Department of Government Efficiency’s (DOGE) realignment of federal agencies, the administration has extended funding...
California proposes $20B to keep bullet train on track
California may infuse $20 billion over the next two decades to support its high-speed rail project. The proposal includes support for reliable public transportation, despite a projected $12 billion shortfall in the Fiscal Year 2025 through 2026 budget. Gov. Gavin...