A Reform Agenda for the U.S. Department of Transportation

Introduction and summary The goal of the U.S. transportation system is to safely, sustainably, and cost-effectively facilitate the movement of people and goods. When done right, infrastructure investments produce broad-based prosperity for American workers and firms. Conversely, poor project selection can increase local pollution burdens, create barriers to opportunity, and produce unproductive assets that serve […]

Climate Change and Municipal Finance

Climate change will negatively affect every aspect of life and economic production. According to the Intergovernmental Panel on Climate Change, global temperatures have already risen by 1 degree Celsius compared to preindustrial levels.1 In the absence of aggressive and sustained reduction of greenhouse gas emissions, global temperatures will very likely hit and surpass 1.5 degrees […]