Bloomberg BNA reports, “Already cash-strapped states and cities are concerned President Donald Trump’s plans for $1 trillion worth of infrastructure projects will rely too heavily on them for financing. Some states and groups representing them say a hike in direct federal funds is needed. . . . They’re concerned with White House plans to cut hundreds of millions of dollars in federal grants for [highways and other infrastructure],” and “lingering talk in Washington of eliminating the federal tax exemption for municipal bond interest.”
