Moody's: Burden of infrastructure spending increasingly falling on US states
New York, January 19, 2017-- Repairing or replacing aging transportation infrastructure, such as roads and bridges, will require US states to shoulder additional cost burdens since federal funding has stagnated over the last 20 years, Moody's Investors Service says in a new report. States with large maintenance burdens and backlogs will face budgetary challenges in meeting these needs. US federal highway aid has seen little growth from fiscal 2009-15 and is projected to remain...
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