States increase spending at fastest clip since the recession
States increased their spending in the fiscal year that ended in September, pumping more resources into infrastructure and education at the highest annual rate since before the Great Recession, according to a study by the National Association of State Budget Officers.
The $2.1 trillion spent by states in fiscal year 2019 was up an estimated 5.7%, and federal dollars heading toward states went up 4.7%, according to the group. Many states used funds from higher gas taxes to drive an 8.9% year-over-year increase in transportation-related funding.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
