Working Paper
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.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
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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