AN AMERICAN PUBLIC WORKS FINANCING STRATEGY

The deterioration of America's stock of public facilities is strangling the nation's capacity to support renewed economic growth and provide basic community services. Two of the three actions needed to rebuild these facilities have already transpired: the public works; and the Federal government has passed legislation creating a national capital budget, an essential tool for improving policymaking, setting priorities and managing programs. What is now required in an American public works financing strategy are the strengthening of existing financing mechanisms, greater application of user fees, better use of available funds, and the creation of new financing devices, possibly including a new national public works financing bank. While any one of these actions alone would make a relatively small contribution to the nation's public works financing requirements, together they can raise the enormous amount of money that will be required. Each of these efforts to raise monies will be difficult, but if we are to enjoy the continued use of vital public facilities, we have no choice but to accept the challenge. (Author)

  • Availability:
  • Corporate Authors:

    Associated General Contractors of America

    2300 Wilson Boulevard, Suite 400
    Arlington, VA  United States  22201
  • Authors:
    • Choate, P
  • Publication Date: 1985-4

Media Info

  • Pagination: p. 24-30
  • Serial:
    • Constructor
    • Volume: 67
    • Issue Number: 4
    • Publisher: Associated General Contractors of America
    • ISSN: 0162-6191

Subject/Index Terms

Filing Info

  • Accession Number: 00395684
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 31 1985 12:00AM