Spending on local projects plummets: Core construction such as roads, schools is cut

USA Today reports:

States and local governments are slashing spending on schools, roads, offices and other construction projects so fast that even federal stimulus money hasn't filled in the gap.

Investment in infrastructure is on pace to drop almost 7% this year to $269 billion, according to a USA TODAY analysis of federal data. That would be the first decline in state and local construction spending since the Census Bureau started tracking in 1993.