Meanwhile, state and
local infrastructure spending is at a 30 - year low.
Trump called for $ 200 billion in federal money intended to spur at least $ 1.5 trillion in state and
local infrastructure spending.
Not exact matches
Infrastructure spending could come, just as it did by the efforts of Van Rysselberge in Oklahoma City, from passing
local sales taxes to fund those programs.
The Trump administration is preparing to release an
infrastructure plan in the coming weeks that reportedly includes at least $ 200 billion in federal
spending that would jumpstart investment from the private sector, and state and
local governments.
In response to these strains, state and
local governments have cut
infrastructure investment, slashed support for higher education, cut
spending on K — 12 education, cut
spending on social benefits other than Medicaid, reduced administrative staff and reduced most other areas of the budget.
China could allow
local government to issue more special bonds to support government
spending on urban redevelopment and
infrastructure investment to shore up domestic demand, said Xing from Morgan Stanley.
Local officials across the country boosted
spending on slum renovations, rail lines and other
infrastructure projects.
Non-financial assets are defined as expenditures on any construction - related work, from road repairs and maintenance jobs, to
local parks and buildings, to social
infrastructure spending such as schools, kindergartens or hospitals.
Cuomo proposed using some of a $ 4 billion surplus, which he acknowledged was a «one - shot» revenue source from numerous financial settlements, on
infrastructure spending, education and for helping
local governments find ways to share services as part of an overall economic development boost for the upstate region.
The groups — including the United University Professions, New York State Nurses Association and the Transit Workers United
Local 100 — want to see billions
spent on renewable energy and
infrastructure projects, resources for environmental concerns in poor communities and fair labor and training standards in clean energy.
Cuomo, meanwhile, touted his property tax cap and
spending restraint, while promising to use the state's $ 4 billion surplus to encourage
local government cost savings and
infrastructure investment.
Trump pushed his White House team to craft a plan for $ 1 trillion in
infrastructure spending that would pressure states to streamline
local permitting, favor renovation of existing roads and highways over new construction and prioritize projects that can quickly begin construction.
Legislator Brian May (R - Baldwinsville) said the good news is 80 percent of the money being
spent would be reimbursed by the federal government, and the remaining balance, or
local match, would be covered by tobacco asset money used for
infrastructure projects.
Cuomo has said he plans to propose
spending that surplus on
infrastructure, helping
local governments find ways to share services in order to reduce property taxes and targeted education efforts.
He said a recent report shows that
local government
spending on
infrastructure has dropped dramatically.
The governor said he wanted Mr. Trump to be thinking about New York as he weighed decisions about
infrastructure spending, federal tax deductions for state and
local taxes, and the Affordable Care Act.
Others, including Gov. Andrew Cuomo, suggest
spending more surplus dollars on economic development, so extra tax dollars would allow
local governments to better fund
infrastructure projects on their own.
«While the so called progressive Governor
spent over N276 million on improvement of his office
infrastructure in 2016, only a sum of N1.18 m was
spent on the improvement of
infrastructure in the hospitals in the 30
local government areas and the Ife East area office.
October 5, 2012 • His plan calls for more
spending on
infrastructure, a tax cut for firms that hire new workers, aid to state and
local governments, and a program to rebuild schools.
Smaller classes would also prompt a need for new classroom space in many schools and districts, with school administrators complaining they would need to
spend millions in
local dollars to boost school
infrastructure or refit mobile classroom units.
This approach is in line with studies that show federal
spending often substitutes for, rather than augments, state and
local funding on
infrastructure.
This Administration wants to retain the primacy of state and
local spending, and use federal funds as leverage to increase the total amount of funding available for
infrastructure.
The ability of
local governments to leverage the tax increment to get millions of dollars worth of new public
infrastructure and private investment without
spending current tax revenues.