Excerpts from a visual essay by Streetsblog:
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Infrastructure Spending is Fairly Stable as a Share of GDP – But Costs Have Climbed
Beginning in 2003, the cost of raw materials like concrete and asphalt increased more rapidly than the prices of other goods, the CBO reports. So if you factor in these specific costs, inflation-adjusted public infrastructure spending has declined about 9 percent since 2003 (the dark blue line).
Highways Are the Biggest Category of Spending
Of the $416 billion spent on infrastructure by federal, state and local governments in 2014, about 40 percent was dedicated to highways. About 16 percent went to transit and about a third went to water infrastructure.
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Anyone have links to Canadian equivalents?
