What the Stalled Infrastructure Bill Means for Munis

The video discusses the Build Back Better plan and its implications for state and local governments, focusing on the infrastructure bill's impact. It highlights the challenges of maintaining infrastructure and the hidden liabilities states face. The discussion also covers economic growth projections and their effects on credit quality, emphasizing the importance of federal aid like the American Rescue Plan.

What is the primary focus of the Build Back Better plan according to the credit perspective?

• Increasing state tax revenues

• Providing federal stimulus

• Improving physical infrastructure

• Enhancing state credit ratings

How does the infrastructure bill aim to assist states?

• By eliminating state liabilities

• By increasing state credit ratings

• By providing a one-time federal aid

• By reducing state taxes

What challenge do states face in maintaining infrastructure?

• Lack of federal guidance

• Difficulty in assessing asset conditions

• Insufficient state tax revenues

• Over-reliance on federal aid

What is the expected trend for economic growth in 2022?

• Below the long-term trend

• Unchanged from 2021

• Equal to the long-term trend

• Above the long-term trend

How much unspent money from the American Rescue Plan Act is estimated to be available for states?

• Over 300 billion

• Over 50 billion

• Over 100 billion

• Over 200 billion