Vol. 24, No. 13 (update)
In the longer run, greater state fiscal autonomy and financial sophistication could modify the federal-state relationship in transportation. There would be less need for direct financial aid to state DOTs and more emphasis on credit assistance to support transportation investments of truly national scope and significance. (High-Speed Rail in the Northeast Corridor comes to mind). At the same time, federal oversight of state transportation programs could be reduced to reflect the smaller federal fiscal footprint.
View this complete post...