ULI PRESS RELEASE
Washington (May 9, 2012) – Constrained public budgets and a growing recognition at the local level of the importance of infrastructure— combined with lack of action at the federal level—are causing states, regions and cities across the U.S. to seek innovative infrastructure approaches and solutions. Local governments are utilizing a range of strategies, including ballot measures taken directly to the public, increased utilization of technology and pricing, and public-private partnerships, according to Infrastructure 2012: Spotlight on Leadership, released today by the Urban Land Institute (ULI) and Ernst & Young LLP.
This year’s report looks at an overall decline in infrastructure funding globally, and it focuses on funding solutions underway in the U.S. Even as efforts to increase infrastructure revenues at the federal level remain stalled, states and localities are looking at other ways of overcoming fiscal woes in an effort to move forward with projects that can lay the foundation for economic growth. State and local governments are funding critical infrastructure building or refurbishment needs with increased sales or gas taxes, bond issues, and user fees, including tolls. Public-private partnerships are a growing part of the equation.