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Abstract

This comment examines the role state and local government financing has played in America's infrastructure crisis. This comment also recognizes that infrastructure financing issues in declining cities differ from infrastructure issues due to population expansion.

Part I is particularly relevant to declining cities. It reviews traditional methods by which state and local government obtain operating revenues, and the use of these revenues for infrastructure. It discusses trends and developments which have made traditional financing schemes less useful for infrastructure.

Part II applies in large part to growing cities. Growth creates demand for new infrastructure while straining existing core infrastructure. Alternative financing schemes have arisen to accommodate growth. Along with alternative financing have come new legal issues. Part II discusses the most prevalent of these financing and legal issues.

Part III explains how Ohio's newly-enacted Public Infrastructure Capital Improvements Act will operate to Provide infrastructure financing opportunities for the state's municipalities, townships and unincorporated areas.

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