Government Issues

President looks to states, localities to raise revenue for infrastructure

Posted on December 7, 2017

Elliot P
Elliot P

WASHINGTON, D.C. — The Washington Post reports that the White House wants to reward states and localities willing to raise taxes or other revenue to pay for new projects as part of its infrastructure plan.

The approach now being contemplated is considered innovative by some infrastructure experts but also carries considerable political and economic risks for Trump, according to the report.

While some in his own party remain wary of any new spending, many state and local officials and Democrats in Congress would like to see a more robust federal investment. As part of the plan, the feds would cover only $200 billion of the $1 trillion infrastructure tab under the legislation being developed. Some also worry that taxes and fees raised at the local level could cancel out any potential benefits of a federal tax bill for their constituents. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Calif. could lose $100B in transportation revenue if bill repealed

As an example, in 2040, the mean projection is that the state will collect $8.6 billion with SB1 and $3.4 billion without, a $5.2 billion difference.

U.S. DOT provides $63B-plus for transportation improvements in 2018

Has released Notices of Funding Opportunity for nearly 90% of the funding from FY 2018 to solicit applications.

FTA to award $366M in bus grants to enhance safety, mobility

A total of 107 projects in 50 states and territories will receive funding from FTA’s Buses and Bus Facilities Infrastructure Investment Program.

FTA seeks expedited project delivery participants for pilot

Intends to work with selected project sponsors to further define the steps that must be completed before a construction grant can be awarded under the Pilot Program.

FTA makes $6.3M available for improved access to healthcare

Will help improve options for people with limited transportation choices and bridge gap between service providers in the transportation and health sectors.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation