New Report Confirms What Counties Already Know: The Next Infrastructure Problem Is Already Here
A new national report suggests local governments may face another long-term fiscal challenge that rarely appears in budget headlines: the growing cost of replacing aging public assets already in service. A recent analysis from Merritt Research Services estimates that US cities carry more than $1 trillion in infrastructure and capital asset obligations tied to aging roads, buildings, equipment, and other public assets. The report attempts to measure the replacement cost of assets that continue operating…