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Trends in Public Infrastructure Spending 1 (May 1999)

handle is hein.congrec/cbo06492 and id is 1 raw text is: Page 1 of 22 TRENDS IN PUBLIC INFRASTRUCTURE SPENDING May 1999 PREFACE This Congressional Budget Office (CBO) paper continues the detailed analysis of infrastructure outlays in CBO's August 1995 paper Public Infrastructure Spending and an Analysis of the President's Proposals for Infrastructure Spending from 1996 to 2000. In accordance with CBO's mandate to provide objective and impartial analysis, this paper contains no recommendations. Carl Muehlmann, formerly of CBO, and Keith Mattrick of CBO's Natural Resources and Commerce Division wrote the paper. It was prepared under the supervision of Jan Paul Acton and Elliot Schwartz, formerly of CBO. The authors wish to thank many people, both inside and outside CBO, for their helpful contributions. Within CBO, David Sanders, Jeffrey Holland, Deborah Reis, and Robert Arnold were of great assistance in preparing data. Elizabeth Pinkston, Pete Fontaine, and Perry Beider offered many useful comments and suggestions. Outside CBO, Henry Wulf of the Bureau of the Census facilitated the compiling of state and local spending data. Leah Mazade edited the manuscript, and Liz Williams proofread it, Rae Wiseman prepared the paper for publication, and Laurie Brown prepared the electronic versions for CBO's World Wide Web site (http://www.cbo.gov). NOTES All years referred to in this paper are fiscal years. Discussion of the President's budget refers to the Budget of the United States Government, Fiscal Year 1999, submitted by President Clinton to the Congress in February 1998. All figures in the section Inflation-Adjusted Trends in Public Spending and Proposed Federal Spending for Infrastructure are in 1997 dollars. Data on state and local outlays and total public outlays are available through 1994; data on federal outlays are provided through 1998. Numbers in the text and tables of this paper may not add to totals because of rounding.

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