State, local infrastructure borrowing boom unlikely without greater federal funding

Source: Marcia Van Wagner, Coley J Anderson, Rachel Cortez, Baye Larsen, Timothy Blake, Alexandra S. Parker, Moody’s, Sector In-Depth, March 30, 2018
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US states, local governments and transit authorities’ funding constraints add a layer of difficulty to the Trump administration’s infrastructure plan. The proposal relies on municipalities’ ability to increase leverage, identify new revenue streams and attract private sector partners.