Costs rise: Construction input prices, or the cost of materials, rose 2.3% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Prices for construction rose 21.4% from a year ago, while nonresidential construction input prices are 21.9% higher. The largest price increases were in natural gas and unprocessed energy materials. See the analysis.
Route research: The Capital Area Transit System today announced it has been awarded $514,045 in grant funding from the Federal Transit Authority as part of the Route Planning Restoration Program. CATS interim CEO Dana Williams says the money will be used to conduct route planning studies and evaluate opportunities for transit development along the Florida Boulevard corridor.
Governor’s pen: Gov. John Bel Edwards has signed dozens of bills into law from the 2022 legislative session. The latest round of signings was announced today. See the full list of signed bills from WAFB-TV.
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