Ready for a New Era of Transportation Finance?
In just the first two months of 2013, we’ve seen a surprising array of ideas being advanced by Governors seeking to overcome the most pressing transportation challenge of our time: how to pay for the system we have and the system we need? Federal rigor mortis is pushing the transportation fiscal canyon to states and localities. It also lends credibility to questioning the continued existence of a federal program or user pay model if it is insufficient to the task, and is more burden than benefit in terms of adding regulatory requirements that come without the funding to pay for them. The implications for states and localities are significant.
Read More…