The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
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CAT | transportation
Feb/10
16
Transportation Shortfalls
0 Comments | Posted by Natalie Cohen in municipal bonds, transportation
This link from a recent release by the Brookings Institution, Robert Puentes comments on the New Jersey and Virgina transportation funds. New Jersey’ transportation trust fund will be spending all of its revenues on debt service by 2011; Virginia’s new governor too, suffers lack of funds for infrastructure improvements. Concerning gas tax as a mechanism [...]