Ways to Pay for America’s Infrastructure Needs: How will we pay for the future infrastructure bill that is heating up on Capitol Hill? More importantly, bill or no bill, how will we pay for the infrastructure needs of the United States? In its 2017 Report Card, the American Association of Civil Engineers (ASCE) estimated that the U.S. needed to invest $4.59 trillion in its infrastructure between right now and 2027. ASCE estimated that Public Private Partnership (P3) programs will only fund 10-15% of America’s infrastructure needs. This blogger believes that the 10-15% must and will be increased to 40-50% for using P3 delivery methods, otherwise our infrastructure will continue to crumble.
Currently, the major funding sources on the table are: direct appropriation by the Federal Government; P3 programs; National Infrastructure Bank; Move America Bonds, Tax Credits; Tax Repatriation; Carbon Tax; and Sale of Government Loans. On a more micro-level, there has been talk of a gas-tax hike, but will that generate enough revenue to fund the ever-growing need to build and replace America’s infrastructure needs. I dare to say, the gas-tax won’t provide enough fire to fuel this engine. Continue reading Pay to Play: America’s Infrastructure Program 2018 and Beyond