President Trump released his infrastructure budget plan today and it looks to significantly reduce federal funding for state and local government infrastructure projects. The proposal states that new projects would only be eligible to receive incentives up to 20% of the total cost of the project. The other 80% would be the state’s responsibility. On top of that, no individual state would be able to receive more than 10% of the total incentive budget.
Here is a look at how much money is projected for each area and some of the highlights of where the money would go.
Rural Infrastructure Program
Public Lands Infrastructure
Disposition of Federal Real Property
Federal Capital Financing Fund
These are all just a portion of the full plan released today by President Trump. This plan is still simply that, a plan, and has not been voted on by the Senate.