Biden Administration

Biden administration officials have indicated they will not be appealing the Eleventh Circuit's decision allowing states to use ARPA funds to offset tax cuts to the Supreme Court.

It's the third short-term spending bill Congress has passed since fiscal 2024 began Oct. 1.

Increasing the costs for banks to hold municipal bonds would be passed down to cities and states in the form of higher financing costs, industry advocates said.

Roughly 70% of the grants will go to projects in disadvantaged areas.

House Republicans want 2024 appropriations offset with cuts from "COVID-era slush funds."

"It's inevitable there will be spending cuts," said Emily Brock, federal liaison for the Government Finance Officers Association.

The Senate Committee on Homeland Security and Governmental Affairs unanimously passed the bill in October.

The climate rule aimed at cutting transportation-related greenhouse gas emissions will restrict investment in certain projects, said the states.

State departments of transportation are expected to boost their own funding during the third year of federal infrastructure support from the IIJA.

Ohio last week opened the first, and so far only, electric vehicle charging station funded under the Bipartisan Infrastructure Law.