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

Jed Kim Apr 27, 2018
HTML EMBED:
COPY

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

Jed Kim Apr 27, 2018
HTML EMBED:
COPY

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.

Click the audio player above to hear the full story. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.