States and cities that raise tolls and taxes may get a leg up for federal infrastructure money

Jed Kim Apr 27, 2018
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States and cities that raise tolls and taxes may get a leg up for federal infrastructure money

Jed Kim Apr 27, 2018
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What’s that old saying? You’ve got to spend money to make money? The U.S. Department of Transportation is trying a variant on that when it comes to funding road and bridge improvements. It’s tripled the amount of money in what’s known as the BUILD Transportation Discretionary Grant program to $1.5 billion. But part of the criteria for state and local governments to get a grant is showing they can raise new non-federal funding. We’re talking taxes and tolls, and it’s got a lot of people seeing red.

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