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Counsel Paul Epstein and partners Cynthia Urda Kassis and Patricia Hammes co-authored an article, titled "States Taking a Larger Role in Transportation Funding," that was published by Law360 on March 13.
Counsel
Paul Epstein and partners
Cynthia Urda Kassis and
Patricia Hammes co-authored an article, titled "States
Taking a Larger Role in Transportation Funding," that was
published by Law360 on March 13.
In their article, the authors examine the funding sources
available for transportation projects given the fiscal constraints
on state budgets and the uncertainty about future levels of federal
funding. They also summarize recent state legislative proposals and
federal efforts designed to address this issue. Given this
uncertainty in funding, the authors believe there will be, at least
for the duration of the Obama Administration, "an increase in
technical support to states and other stakeholders provided by
federal agencies, but without an increase in federal funding."
As a result, "states seem likely to continue their development
of new revenue-raising tools and to increase private sector
involvement in transportation projects through P3s, in addition to
relying on their traditional funding sources."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
