Infrastructure: Here's how states are benefiting from Biden's $1.2 trillion legi...
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Infrastructure: Here's how states are benefiting from Biden's $1.2 trillion legislation
President Biden signed the US Infrastructure Investment and Jobs Act (IIJA) into law in November 2021.
Since then, the bipartisan legislation has provided state and federal agencies with up to $1.2 trillion in funding to refurbish roads and bridges, improve access to clean water and internet connectivity, and increase the number of clean energy projects.
However, the capacity of each state and local government to channel this funding has varied widely. Funding was divided between the number of infrastructure projects present in each state.
States with higher populations and larger areas such as California ($20 billion), Texas ($15 billion), and New York ($10.9 billion) received the highest amounts of total funding compared to New Hampshire, which received the least ($855 million).
"To some degree, the relative size of expenditure is influenced by readiness of state governments to move quickly," Joseph Schofer, professor emeritus of civil and environmental engineering at Northwestern University, told Yahoo Finance. "Those that were better organized — had their priorities lined up and projects ready to go — will show larger expenditures early."
On top of that, he said, "this large tranche of infrastructure money is playing a catch-up role, making up for insufficient past investment in all states but especially in big and getting-bigger states."
Rocky roads
A total of seven federal agencies received funding through the infrastructure bill, with the Department of Transportation (DoT) getting the highest amount at $284 billion for modernizing roads, bridges, railways, and transit. Out of the $284 billion, $110 billion went toward roads and bridges.
On a state level, funding ranged from $619.3 million for the state of New Hampshire to as much as $15.1 billion for California.
The states of Oklahoma and Arkansas each received $2.3 billion, the overall median amount across the US. Both states also have a joint agreement on advanced transportation and mobility. For highways in particular, the bipartisan investment will result in a 27.7% jump in the Oklahoma state funding for transportation in the next five years, according to the Department of Transportation.
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