According to Bloomberg.com, the President plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure plan in early January, per a senior administration official.
The White House plan is essentially complete and Trump recently reviewed it, the official told Bloomberg. It calls for allocating at least $200 billion in federal funds over 10 years to spur at least $800 billion in spending by states, localities and the private sector.
The plan calls for states and municipalities to be responsible for their own funding sources, with federal money being used to provide incentives for them to work with the private sector. How this will work with one key infrastructure construction funding tool, the private activity bond exemption, currently on the cutting block in the GOP tax reform proposal is unclear.
Under the new plan, additional federal funding would be available on a competitive basis for states and localities that submit plans outlining how they plan to raise new revenue dedicated to infrastructure. That could mean raising gas taxes, new tolls, or selling off assets to private entities to generate cash for new projects. The White House will then determine which projects it will financially support.
R. Richard Geddes, director of the Cornell Program in Infrastructure Policy, said the plan has potential to spur more creative solutions to funding transportation on the local level and lessen dependence on the federal gas tax.