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Infrastructure set to benefit from state revenue increases

from Icons of Infrastructure

In the decade since the financial crisis, elected officials cut spending, deferred major infrastructure maintenance and repairs, and put large projects on hold. But there are some indications that the situation is finally starting to change. Tax revenues flowing into state coffers has risen. Additionally, 36 of 50 states are collecting tax revenue that is comparable to what was being received before the recession. As a result, state legislators across the country have enacted $41.1 billion in appropriation increases for FY2019 that will cut across all program areas. Notably, $12.7 billion in new appropriations were enacted in FY 2018. more

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