Scott, 2012
State and local construction spending for education slipped by more than 25 percent from January 2009 to June 2012, its annual rate dropping more than $22 billion, according to a Governing analysis of data from the U.S. Department of Commerce, one of the steepest declines in state and local investment among individual sectors.
Primary and secondary education has taken the biggest hit: state and local construction spending has dropped from an annual rate of $58.6 billion in January 2009 to $37 billion in June 2012, a 37 percent decrease. Higher education construction spending has been more stable, dipping slightly from an annual rate of $23.9 billion in January 2009 to $23 billion in June 2012.
