President Bush announced his long anticipated veto of legislation to authorize $23 billion for projects aimed at improving navigation, flood control, environmental restoration, water supply and storm damage reduction. The Water Resources Development Act (WRDA), H.R. 1495, would also provide some funding for water, wastewater and combined sewer overflow projects.

There has been significant discussion in recent days regarding the repeal of the new sales tax on services and adding an M.B.T. surcharge to offset the loss. As currently being discussed, such a proposal would have a disastrous effect on the entire construction industry. According to various reports, the added