CBO: State-Local Spending on Transportation and Water Infrastructure Drops for Second Year in a Row
October 19, 2018 – The nonpartisan Congressional Budget Office has updated its massively useful study of total federal, state and local spending on transportation and water infrastructure since 1956 to cover fiscal years 2015, 2016 and 2017 (the previous report cut off at FY 2014). The study shows that combined state and local spending in these areas peaked in 2015, in real dollars, and actually declined in both years since.