Infrastructure Spending at 30-Year Low
Post date
February 29, 2016
Body
The Fiscal Times reports on the current lack of infrastructure funding in state and local governments:
A new report this week by the Center on Budget and Policy Priorities warns that state and local spending on infrastructure – including schools and wastewater treatment plants as well as highways and bridges – is at a 30-year low. Total capital spending as a share of state GDP fell in all but five states and the District of Columbia between 2002 and 2013, with the largest drops in Nevada, Florida and Michigan."