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Infrastructure Finance

The state’s Environmental Finance Authority acts as a bank, a development authority and an aid agency all at once. The agency’s mission is about to get even larger as it will manage $1 billion of federal aid.
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.
Florida was the only state to decline millions in federal funding that could have been put toward reducing tailpipe emissions and the effects of climate change. The state will build roads and bridges instead.
The station has enough power to charge four vehicles simultaneously up to 80 percent within 20 to 40 minutes and was funded through the $1.2 trillion infrastructure bill. It is just one of 27 planned across the state.
The federal government promised $23 million to assist with recovery efforts after Hurricane Ida wreaked havoc on 49 schools and nine colleges and universities across the state. Many are still waiting for those funds.
The county council unanimously approved a 10-year contract between Cuyahoga Green Energy, the county-run utility, and Compass Energy Platform to develop district microgrids, which will serve as small-scale local electricity systems.
The congestion pricing fee would be for drivers entering Manhattan south of 60th street, but a New Jersey lawsuit threatens to delay its implementation. The fee is forecast to earn $1 billion for the MTA’s capital budget.
A New Orleans power utility wants customers to pay for the $750 million to $1 billion price tag, which could raise bills an additional $11.86 per month. But the city has pushed back saying there must be an affordable option for ratepayers.
A quarter mile of the road on 14th Street in the city’s downtown area will have the capability to charge electric vehicles that are equipped for such technology. The development will cost $1.9 million.
Adie Tomer, a senior fellow at Brookings Metro, says implementation of the Infrastructure Investment and Jobs Act is on track. But it will take years to understand its economic impact.
The sale of electric utilities to corporate investors has brought more power outages and rate hikes. Local ownership has the potential for lower rates, better service and a quicker transition to renewable energy.