What happened: A report by ARTBA member firm HNTB Corp. found the Indiana capital has a 10-figure annual shortfall in what it needs to build and repair roads, bridges, and other transportation infrastructure.
Why it matters: The report, which calculates the gap from a base level of $55 million in guaranteed annual revenue, illustrates the struggle the city faces in meeting its funding needs.
Indianapolis spent $179 million last year on capital projects and has $164 million programmed for projects this year. These funds include grants, bonds, and other one-time funding mechanisms, plus guaranteed annual revenues from taxes and fees.
What’s next: Despite the need for funding, some legislators are calling for a temporary suspension of the state’s gas sales tax and gas excise tax. ARTBA-TIAC will continue to monitor developments in the state.