Poor Disclosure Deepens States’ $1T Deferred-Maintenance Problem
As federal infrastructure aid slows and grant recissions loom, a new Volcker Alliance report warns that many state governments are failing to disclose billions of dollars in deferred-maintenance liabilities—an omission that obscures the true scope of infrastructure decay and hampers long-term planning. The Alliance’s three-part series, “Meeting the Trillion-Dollar Challenge,” released Oct. 16, estimates the…

