Inflation is shrinking Arizona’s infrastructure dollars

A recent S&P Global report indicates that inflation has made the overall costs of infrastructure projects nationwide more expensive. With some of the nation’s highest inflation …




(The Center Square) — A recent S&P Global report indicates that inflation has made the overall costs of infrastructure projects nationwide more expensive. With some of the nation’s highest inflation rates, Arizona governments are forced to make up the difference.The report, which focuses on “tax-supported debt levels” in state governments, showed that the price tag estimates of infrastructure projects have skyrocketed “upwards by more than 30%.” In order to make up for these costs, the report noted that some states are using funding from both the American Rescue Plan and the Infrastructure Investment and Jobs Act in order to avoid further debt.Pima County – home to Tucson – is one of the governments impacted by inflation when it comes to infrastructure projects, and its Board of Supervisors agreed to “absorb inflation” to avoid increasing the burden on county taxpayers, according to the county communications office. “I can’t speak for all of Arizona. But to answer your question about Pima County …

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