A Connecticut Department of Transportation crew works on an Interstate 95 bridge on Nov. 05, 2023, in Westport, Connecticut. The Federal Reserve’s rate cut earlier this month could mean lower borrowing costs for state and local governments and bring changes for housing development, tax revenue and road, water and sewer construction. (Photo by John Moore/Getty Images)

The Federal Reserve’s second consecutive key rate cut could mean more than just lower borrowing costs for the average…