State budgets

States increase spending at fastest clip since the recession

Kimberly Adams Nov 21, 2019
HTML EMBED:
COPY
Many states used funds from higher gas taxes to drive an increase in transportation-related funding. Sean Gallup/Getty Images
State budgets

States increase spending at fastest clip since the recession

Kimberly Adams Nov 21, 2019
Many states used funds from higher gas taxes to drive an increase in transportation-related funding. Sean Gallup/Getty Images
HTML EMBED:
COPY

States increased their spending in the fiscal year that ended in September, pumping more resources into infrastructure and education at the highest annual rate since before the Great Recession, according to a study by the National Association of State Budget Officers.

The $2.1 trillion spent by states in fiscal year 2019 was up an estimated 5.7%, and federal dollars heading toward states went up 4.7%, according to the group. Many states used funds from higher gas taxes to drive an 8.9% year-over-year increase in transportation-related funding.

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.