The White House wants Public Private Partnerships to invest in infrastructure. The House tax bill could undermine that.

The Administration’s stated goal of $1 trillion dollar investment in US infrastructure relies on a $200 billion boost from the private sector.  The tax bill that passed in the House last week could undermine that objective by taking away a deduction on tax-exempt private activity bonds.

Find more details in The Hill report.

MWDSBE Outreach Event

You are cordially invited to attend an MWDSBE Outreach Event hosted by Railroad Construction Company, Inc. (RCC) on Thursday, April 27, 2017, open house from 8:00am to 1:00pm. Please join the RCC team at 75-77 Grove Street, Paterson, NJ to discuss upcoming projects and potential bid opportunities with the company.  All interested and certified MWDSBE companies are welcome!

Click Here to register.

New Jersey’s 23-cent gas tax increase said to finance the Transportation Trust Fund for eight years.

Both houses passed legislation last week to increase New Jersey’s gas tax to 37.5 cents a gallon.  Once signed by the governor, the legislation will mean an end to Christie’s executive order to shut down TTF projects. Voters must also approve a referendum on the November 8th ballot in order for the funds to be constitutionally dedicated to the Transportation Trust Fund.