The Impact of COVID-19 on Infrastructure

OMA Connections Partner Schneider Downs reports that COVID-19 is having a devastating effect on the nation’s infrastructure funds.

The federal Highway Trust Fund posted a 49% decline in receipts in May 2020 compared to a year earlier. Additionally, state departments of transportation project a 30% revenue decline in the next 18 months, while 65% of municipalities are being forced to delay or cancel capital expenditure and infrastructure projects. 8/18/2020