Federal Government Supports Individuals more than Capital

Macro
Fiscal
Federal Grants to States/Local/Tribal focused on Individuals, not Capital
Author

Mike Aguilar

Published

November 25, 2024

Not exactly “new” information, but I stumbled across this tidbit this morning.

Federal Grants Federal Grants

What caught my attention was how the Federal aid to States and Local governments has shifted away from physical capital towards individuals.

What I would like to explore is how spending on capital infrastructure has changed in other ways. For instance, although the Federal government is providing less spending on capital projects to States/Locals/Tribal, is it spending more directly on such projects? Likewise, are the State/Locals/Tribals able to facilitate spending on capital projects via own-sourced funding?

Source: https://www.whitehouse.gov/wp-content/uploads/2023/03/ap_8_state_and_local_fy2024.pdf