COMMENTARY: For quite some time now, Americans have been hearing about the dire state of infrastructure in the US. It’s clear that traditional sources of funding new projects and repairs are struggling to keep the nation’s infrastructure from falling apart, let alone thrive. What isn’t as clear is how to fix it.

Formula grants distributed through the Highway Trust Fund have long been the preferred way to fund infrastructure. But the inefficiency of earmarks and the decrease in revenues from the gas tax are posing significant challenges for this funding model. Keep reading →