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States Step Up On Infrastructure

Posted by: David Gest

9 March 2006 - 12:00pm

Lagging in other sectors, public financing of state roads and other infrastructure services has increased.

"Faced with sharply emerging deficits, the states, which had assiduously lowered tax rates in the late 1990s, took the only path politically possible -- they chopped spending. Overall, states stopped expenditure growth in its tracks for a couple of years. Capital projects and maintenance were delayed. User charges and fees (such as college tuitions) surged."

"It's too early to declare springtime in Public Finance Land. But if there is a thaw, one of the beneficiaries is likely to be infrastructure."

Full Story: The Big Thaw
Source: Governing, March 8, 2006
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