While it is great that there is a new reauthorized $286B transportation bill, the bill covers 6 years and does not represent anywhere near that amount of new dollars for transportation. The federal flow of funds, i.e., our motor fuel taxes, have continued to flow from the feds to the states under the extensions of the prior transportation bill. Sure there are some new projects and new pork in the bill, but it will not significantly increase federal funding for transportation.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.