I had already posted this elsewhere. My apologies, however it may have been lost in the sea of posts and it is pertinent to this discussion, so I have resurrected it. For those unfamiliar with some of the facts and figures relevant to the GDOT, this is a link to the GDOT 2016 Investment report.
I have highlighted these key points from the report:
“On December 4, 2015, President Obama signed into law the Fixing America’s
Surface Transportation Act, or “FAST Act.” It is the first law enacted in more than
10 years that provides long-term funding certainty for surface transportation,
allowing states and local governments to move forward with critical
transportation projects.
The enacted Amended Fiscal Year (AFY) 2016 Budget is the first Georgia
DOT budget to reflect additional revenues resulting from the Transportation
Funding Act of 2015. These additional revenues are approximately $758
million for a total state fund appropriation of $1.7 billion. With federal funds,
the total AFY 2016 appropriation was approximately $3.4 billion.”
Cheers, esp.
EDE Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
