Gambling with infrastructure in the US
- From: Vol 9, Issue 7 (July 2008)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: National Association of Water Companies
The financing of infrastructure improvements in the US needn’t be a lottery. Kathy Shandling finds that state legislatures are constantly finding new ways to reduce their yawning budget gaps.
As a result of the onset of high inflation, dwindling tax revenues, the financial toll of the Iraqi war and a general economic downturn in the US, states around the country are struggling to address growing budget gaps in the new fiscal year which began on 1st July.
State income tax revenues have fallen by more than 5%. Sales tax ...
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