WASHINGTON Public-private partnerships do not necessarily supply more funds for highway construction than traditional government financing, and spending by the private party must be restricted by budget caps or legal limits for states and localities to see benefits from P3s, a Congressional Budget Office study concluded Monday.
Highway P3s Don't Always Cut Costs, CBO Warns
JAN 9, 2012 7:54pm ET
Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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