In addition to his $2 trillion infrastructure plan, President Biden has previewed a $1.5 trillion fiscal 2022 budget plan that would increase discretionary spending for transportation systems and severe weather resilience programs.
The budget request proposes to “build back better America’s highway, transit and rail systems nationwide; make historic investment in safety, equity, and climate change mitigation; and foster neighborhood-oriented investments that transform America’s infrastructure, reconnect communities, and provide opportunities to all Americans.” Specifically, it provides $25.6 billion for the U.S. Department of Transportation, an increase of about $300 million above the fiscal 2021 enacted level.
Additionally, the Better Utilizing Investments to Leverage Development (BUILD) grants program would receive $1 billion. This infrastructure grants program has been used by states and municipalities to advance big-ticket projects.
