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

Cromwell, Brian

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Working Paper

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

Brian Cromwell

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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.

12.01.1988WP 88-12

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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