The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.
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Manhattan Institute senior fellow Nicole Gelinas discusses the many challenges facing New York regional transportation with The Bond Buyer's Paul Burton and Andrew Coen. Topics include capital funding, Port Authority and MTA megaprojects and alternative funding to counter the L subway line shutdown.
The private sector might be willing to carry risk the public sector doesnt want, or provide capital sooner than the public sector capacity allows, but these benefits come at a cost, and sometimes that cost is hard to measure.