Accounting Rule Fixes Roads

摘要

Fasten your seatbelts—potholes ahead! Beginning next fiscal year, and as early as July in some places, the value of public infrastructure must be stated in the annual financial rnstatements of state and local governments. The accounting rule—a radical change that some public officials want to ignore or downplay—will put a spotlight on the condition rnof our nation's infrastructure. It could revolutionize how infrastructure is financed and managed, and may encourage the allocation of more money for infrastructure preservation.