This month, a new report from Merritt Research Services, an Investortools company, was featured in The Wall Street Journal.
The article spotlights the research and analysis from the report which found that America’s cities are carrying a $1 trillion infrastructure burden – a financial obligation that’s now larger than debt or pensions.
By analyzing the age, original cost, and expected useful life of roads, bridges, buildings, and equipment, the report, authored by Richard A. Ciccarone, president emeritus of Merritt, shows how deferred maintenance compounds financial pressure for governments and investors.
“You’re hiding an obligation or a commitment that’s got to be made sooner or later, and it’s usually more expensive at that point,” Ciccarone told The Wall Street Journal.
Both the article and research provide critical insight for local governments, investors, and municipal market participants seeking a clearer picture of long-term financial risk and highlights the need for transparency and better evaluation tools.
Read the full WSJ article here: A Hidden Liability for U.S. Cities: Looming Infrastructure Repair Costs
About Investortools
For more than four decades, Investortools has been a leading provider of solutions regarded by the industry as a prerequisite for fixed-income investment management. Its comprehensive product suite covers portfolio, order, and execution management, performance analytics, 2a-7 compliance, and credit analysis. Trusted by over 200 firms managing more than $1 trillion in assets, Investortools supports SMA managers, fund managers, broker-dealers, and other key market participants.
About the Wall Street Journal
The Wall Street Journal was founded in July 1889. Ever since, the Journal has led the way in chronicling the rise of industries in America and around the world. In no other period of human history has the planet witnessed changes so dramatic or swift. The Journal has covered the births and deaths of tens of thousands of companies; the creation of new industries such as autos, aerospace, oil and entertainment; two world wars and numerous other conflicts; profound advances in science and technology; revolutionary social movements; the rise of consumer economies in the U.S. and abroad; and the fitful march of globalization.
