AND POTENTIAL SOLUTIONS
Fatima Yousofi, senior officer,
Infrastructure and Pensions, The Pew Charitable Trusts, said with drastic
federal cuts, states will have to take a more active role in facilitating
capital funding.
She said the continuity of major road, bridge, highway, water and other infrastructure projects hinges on states creating infrastructure banks, offering low-cost financing and bonding.
She
pointed to an example in Vermont where several rural communities created one
large bond issuance. Teaming up created capacity and helped small communities
share the administrative costs and bond reporting duties.
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