The federal government is basically asking for matching funds from states and localities to fund infrastructure projects.
The hints, leaks, and more hints about the contents of the Trump Administration's long-promised infrastructure plan, which will be pitched in some headlines as a $1.5 trillion spending plan, finally bears fruit today.
According to multiple sources briefed by the White House yesterday, the Trump Administration is releasing a $1.5 trillion plan that relies mostly on states and local agencies to cover that large sum.
"The plan calls for investing $200 billion in federal money over the coming decade to entice other levels of government and the private sector to raise their spending on infrastructure by more than $1 trillion to hit the administration’s goal of $1.5 trillion in new funding over 10 years," report John Wagner and Heather Long.
The article also reveals two more pithy details: the Trump Administration "is open to a new source of funding to cover the federal share," including raising the federal gas tax. On a non-funding related matter, the plan "also seeks to dramatically reduce the time required to obtain environmental permits for [infrastructure] projects."
An article on The Hill released the full text of the infrastructure plan early Monday morning.
For additional coverage of the infrastructure plan, reported after a White House briefing with reporters on Sunday, see articles in the New York Times and NPR. Bloomberg also picked up the news today.
Read the full story: Trump’s big infrastructure plan has a lot of detail on everything but how to pay for it
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