Building projects fill gap in economy - USA Today- Fuel Economy

State and local governments are in the middle of a building boom that has helped keep the economy afloat and offset job losses from the decline in home construction. State and local governments issued $228 billion in bonds during the first six months of this year, up 28% from last year, Thomson Financial reports. The building boom has many causes, including a need to repair the nation’s aging infrastructure and voter willingness to approve tax hikes and borrowing for capital investments. The state has invested $1 billion in cash in 2004 and borrowed $4 billion in 2005 and 2006 to catch-up with a backlog of school building projects. read more

[Tags]state, building, construction, 4, billion, bonds, fuel economy[/Tags]

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