Cities can no longer look to their states or the federal government for funding – they need the authority to find creative local solutions. Fortunately, a patchwork of new and traditional tools and approaches is at their disposal.
The way fiscal tools work in each jurisdiction is very much dependent upon the political nuances, demographic makeup and the types of challenges specific to each city. For example, some cities might pay for road repairs through public-private partnerships, while others might use funds from state infrastructure banks. (Getty Images)
As the infrastructure deficit grows in our cities, so do questions about how to pay for these critical systems. Funding from the federal and state levels is uncertain at best, placing increasing pressure on local governments to take the lead. But political realities coupled with unequal access to local revenue tools means some don’t have the authority they need to answer the…
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