Government funding is tight at every jurisdictional level, but there is a huge disconnect between available funding at the state level compared to the local levels of government. That disparity is causing strains that may soon play out in ways that are negative for taxpayers and citizens.
Strange as it might seem, the threat of administration-imposed tariffs has not slowed investment in America’s ports. The extremely large megaships are coming through the Suez Canal headed to America and U.S. ports will be ready. Most are already engaged in making upgrades, performing maintenance, expanding to facilitate the larger ships and constructing new storage facilities. Many have already deepened shipping channels, built new locks and invested in larger cranes and other facilities. This is all happening because the new and larger neo-Panamax ships can transport 10,000 or more containers.
Something significant happened at the end of 2017.
The federal government signed into law the Modernizing Government Technology (MGT) Act. This signals a massive trend that will sweep the country, touch every state and every jurisdictional level of government. Big changes are coming that will create huge new opportunities for companies that provide technology and services. Government must modernize its old, outdated legacy systems with new and upgraded technology.
Although somewhat guarded because the Trump administration’s energy policies appear to favor fossil fuels, cities and states remain steadfast in their efforts to lower carbon emissions as they continue to embrace sustainability and renewable energy.
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Although there is no compromise in sight on an omnibus spending bill, House members left the Capitol for a month-long August break. However, members of the Senate stayed behind and just passed a “minibus” appropriations package. The package includes allocations to several federal agencies, including billions of dollars in funding for the U.S. Department of Transportation (USDOT).