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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.
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.
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.
Roadways and schools received the largest shares, totaling over half the spending, while power and water infrastructure saw the fastest growth.
South Dakota and North Dakota led in per capita spending, each exceeding $3,700 per resident.
Rising construction costs due to inflation, supply constraints, and tariffs are challenging project planning and budgets.
Los gobiernos estatales y locales de los Estados Unidos gastaron $ 463 mil millones en infraestructura en 2024, el más alto en más de 20 años, impulsado por fondos federales y costos en aumento.