States Taking A Larger Role In Transportation Funding
Law360, New York (March 13, 2015, 5:52 PM EDT) -- Fiscal constraints on state budgets coupled with continued uncertainty with respect to future levels of federal surface transportation funding have led states to diversify the funding sources for their transportation projects. We summarize below the recent legislative proposals made by states to address this funding gap, as well as the current status of federal support for infrastructure projects, including those structured as public-private partnerships (P3s).
In the United States, the responsibility for surface transportation expenditures is divided among the federal, state and local governments. State and local governments are each responsible for approximately 50 percent of the investments in the...
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