America's Trillion Dollar Repair Bill: Capital Budgeting and the Disclosure of State Infrastructure Needs
Our latest working paper and webinar estimate that the United States holds over one trillion dollars of liabilities for deferred infrastructure maintenance. They also put forth a ten-point action plan for states to follow to improve infrastructure cost tracking and transparency.
“One cannot sit here in 2018 without a strong sense of concern about the future of this country, and more particularly the state of public service. Distrust and ill-will permeate attitudes toward government. Too many of the best in the assailed bureaucracy, both in Congress and in key administrative posts, have left too soon, doubting that their voices could be heard or that their goals could be achieved. That needs to change. And it won’t be easy. As a signal of my concern, I decided to establish a foundation with a mission impossible: Can we stimulate others—particularly schools of public policy, of management, of administration—to rethink how government can and should respond to the needs of the twenty-first century?”
- Paul A. Volcker, excerpt from his memoir, written with Christine Harper and released October 30, 2018