Total highway spending from the American Recovery and Reinvestment Act (ARRA) totaled $1.272 billion in July, a decline in growth rate, as spending volumes were down slightly from June levels. According to a recently released PCA Economic Research Report , 41.7 percent of total ARRA highway funds have been dispersed through July, compared to 37 percent in June.
PCA also released information on transit and airport funding and spending. Of the $7.4 billion in funds apportioned to transit, $2.6 billion, or 35.7 percent, has been spent to date. Airport constructions and renovation grants have been utilized at a quicker pace: 73.1 percent of awarded grants have been spent. The total is $785 million out of $1.1 billion allocated.
Utah continues to lead all states in stimulus funds spent at 82.1 percent, following by Maine and Oklahoma. Virginia and Hawaii continue to have spent the least amount of ARRA highway funds. The five largest cement-consuming states have 67.3 percent of their stimulus funds still available.