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Infrastructure Finance

Tens of billions in federal funds are on the way to spread high-speed Internet across the countryside. States should structure their grant programs to make sure markets are competitive.
The industry paid the highest total of state and local taxes and state royalties last year in all of Texas history, breaking last year’s record by more than $1.5 billion. The taxes translate to $72 million daily for schools, roads, first responders and more.
The state’s Flood Resiliency Blueprint will be an online tool that compiles research and data about flooding in North Carolina in one place. This can be used to inform future plans.
Electrify America, born out of Volkswagen’s 2015 emissions scandal, promised to spend millions to promote electric vehicle adoption across California. But unreliable EV chargers only further undermine the company’s pledge.
The state ranked first nationally in 2022 with 458 hailstorms. Losses are most severe in Dallas County, which has $102 million in expected losses every year due to storm damage.
In 2020, more than 18 percent of people living on tribal lands didn’t have access to broadband, compared to just 4 percent of people living in non-tribal areas. Tribes across the country are now taking matters into their own hands.
The most expensive weather and climate disaster in 2023 was a drought and heat wave across the South and Midwest that cost $14.5 billion. But weather conditions that don’t cost billions, like extreme cold, still have major community impacts.
The grant will go to a local nonprofit that was selected last year as the city’s route to low-cost, citywide broadband. The organization aims to have every Cleveland household connected to fast Internet by mid-2025.
Massachusetts voters approved an additional tax on incomes of more than a million dollars. At least a billion extra dollars will support transportation and education projects this year.
Drivers could potentially pay per mile driven. The state transportation department predicts fuel tax revenues will decline by 2030 and drop by half by 2050.
Across the nation, state transportation agencies are warning that public safety is at risk if lawmakers don’t overhaul how road maintenance gets funded. Some states are proposing new taxes and fees.
Tourist-dependent Clatsop County, population 41,000, has the highest rate of homelessness in Oregon. A project to convert a hotel into housing units for healthcare workers and the unhoused is a step in the right direction, leaders say.
The state’s Individual Disaster Assistance Grant Program has paid $227,675 in response to storm damage. FEMA estimated the state’s spring flood damage at $6.3 million. As of Dec. 4, crop insurers had paid out more than $248 million due to drought.
The Solar for All component of the IRA will use $7 billion of federal funds to pay for 60 solar energy projects in disadvantaged communities nationwide. Nearly all states have applied for the infrastructure grants.
The law enforcement training facility will cost as much as $350 million. It will include 300 single-person dorms, an auditorium, gymnasiums, a firing range, a stable and more. Construction is expected to finish in 2028.