How have states budgeted for capital outlays in FY24, and what growth is anticipated?
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How have states budgeted for capital outlays in FY24, and what growth is anticipated?

How have states budgeted for capital outlays in FY24, and what growth is anticipated?
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How have states budgeted for capital outlays in FY24, and what growth is anticipated?

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States have budgeted for a strong ~43% increase in their capital outlays compared to fiscal 2023 levels. If actual spending aligns with past averages, it could translate to the projected 18-20% growth in the fiscal year.

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