Cost Concerns, Economic Anxieties Put Construction on Shaky Ground.

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This article reports that years of rising fuel and materials costs, compounded by current budget shortfalls and uncertainty about the marketability of construction bonds, have made school facilities directors eager to reap the benefits of President Barack Obama's economic-recovery initiative, which is slated to include federal money for building and modernizing schools. The Democrats in the U.S. House of Representatives released their version of the bill on Jan. 15. It would set aside $14 billion for local school districts for a school modernization and repair program, which includes technology upgrades and energy-efficiency improvements. Although no official date has been set for final action on an economic-recovery plan, the Senate will also offer its own version of such legislation.
Ash, Katie
Education Week
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p1, 10-11
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