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flag U.S. state and local governments spent $463 billion on infrastructure in 2024, the highest in over 20 years, driven by federal funds and rising costs.

flag U.S. state and local governments spent $463 billion on public infrastructure in 2024, the highest level in over two decades, according to a Twisted Nail analysis of Census Bureau data. flag This reflects a 45.5% increase over five years and an 18.6% rise after adjusting for inflation, driven by federal funding like the Infrastructure Investment and Jobs Act and efforts to address years of underinvestment. flag Roadways and schools received the largest shares, totaling over half the spending, while power and water infrastructure saw the fastest growth. flag South Dakota and North Dakota led in per capita spending, each exceeding $3,700 per resident. flag Rising construction costs due to inflation, supply constraints, and tariffs are challenging project planning and budgets.

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