Public Spending on Transportation and Water strongInfrastructurestrong,.pdfVIP

CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE CBO Public Spending on Transportation and Water Infrastructure, 1956 to 2014 MARCH 2015 Notes Except where noted otherwise, dollar amounts are expressed in 2014 dollars. Nominal (current-dollar) spending was adjusted to remove the effects of inflation using price indexes for government spending that measure the prices of materials and other inputs used to build, operate, and maintain transportation and water infrastructure. Spending is reported by federal fiscal year, which runs from October 1 through September 30 and is designated by the calendar year in which it ends. Numbers in the text and figures may not add up to totals because of rounding. On the cover, the image of highway traffic is an altered version of a photograph from Flickr, where it is attributed to NCDOTcommunications and posted subject to the Creative Commons Attribution 2.0 license. The other three images are ©Shutterstock. Detailed spending tables are available online as a supplement to this report (/publication/49910). CBO /publication/49910 Contents Summary 1 Prices of Materia