The American Society of Civil Engineers reports that increased federal spending has positively impacted U.S. infrastructure, resulting in improved grades relative to prior evaluations. However, there is a significant risk of regression should investment levels, which were curbed during the Trump administration, not be maintained. The latest report highlights a projected $3.7 trillion funding gap over the next decade and stresses the importance of committing to sustained infrastructure investments for long-term economic and job growth. The Infrastructure Investment and Jobs Act marks a pivotal moment for infrastructure funding, showing beneficial outcomes in various categories.
Increased federal spending has improved U.S. infrastructure, but future progress may stall if investments aren't maintained, given recent funding freezes under the Trump administration.
The American Society of Civil Engineers awarded the U.S. infrastructure a C grade, noting it's the best since 1998, but a projected $3.7 trillion shortfall looms.
Darren Olson emphasized that better infrastructure is crucial for an efficient investment of taxpayer dollars, leading to a stronger economy and more American jobs.
The Infrastructure Investment and Jobs Act in 2021 authorized $1.2 trillion to bolster infrastructure, resulting in improved grades for nearly half of the 18 tracked categories.
#infrastructure #federal-spending #american-society-of-civil-engineers #funding-shortfall #bipartisan-investment
Collection
[
|
...
]