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New governors focus on infrastructure

New governors focus on infrastructure

Finance&Commerce.com
By: Bloomberg News  
November 14, 2018 12:46 pm

America’s newly-elected governors have their sights set on fixing roads and bridges in their states. And they may have better luck than President Donald Trump.

Whether it’s filling potholes in Wisconsin or expanding internet access into rural Tennessee, both Republican and Democratic candidates campaigned on promises to rebuild infrastructure, showing just how bipartisan the issue has become. Twenty new governors will take office in 2019.

States, which have seen tax revenue grow along with the economy, are in a good position to pour money into public works. Meanwhile, there might be little appetite for a big infrastructure bill in Washington, given the mounting federal budget deficit and split control of Congress. The country needs to increase its spending by $2 trillion through 2025 to get its roads, schools and other infrastructure in adequate shape, according to the American Society of Civil Engineers... FULL ARTICLE

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