Joseph Kane

Promoting Infrastructure Investment through Private Activity Bonds
October 25, 2012

The federal government contributed about 25 percent of total public spending on transportation and water infrastructure over the past decade. So, for good reason, many local governments and transportation agencies are preoccupied these days with the threat of the automatic across-the-board spending cuts from Washington. Even small cuts would be painful to overstretched state and local governments already scrambling for ways to do more with less. Increased private sector involvement in U.S.