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The Impact of Capital Grants on Maintenance in the Local Public Sector


A study of how state and federal grants affect the maintenance policies of local mass-transit providers, showing that private owners of transit capital devote significantly greater resources to maintenance than do public owners of similar capital.


Suggested citation: Cromwell, Brian, 1988. “The Impact of Capital Grants on Maintenance in the Local Public Sector,” Federal Reserve Bank of Cleveland, Working Paper no. 88-12.

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