Source: National League of Cities
Infrastructure investment is essential to moving America forward. Yet, so much of our nation’s infrastructure needs to be repaired and modernized to meet today’s demands. Local governments and states have stepped up over the past 10 years with more than $3.8 trillion in municipal bonds to address their most pressing infrastructure needs. However, a $2 trillion infrastructure funding gap remains for our nation’s transportation and water networks. This number does not reflect the costs of expanding broadband access, addressing climate change, and investing in workforce development and training programs. The costs of continued inaction are staggering. Congress must prioritize strategic investments in our infrastructure to support a growing and strong economy.