Tag: cost-benefit

By Robert Krol Each year, state and local governments decide on which transportation infrastructure projects to build. Often, priority goes to projects directed at reducing highway congestion or air pollution. The economic backbone of the decision process is supposed to be an objective cost-benefit analysis. However, calculating the costs and benefits of any major project is technically difficult. Cost estimates require a determination of labor and material quantities and prices. Benefit estimates require forecasting economic growth, demographic trends, and travel patterns in the region. Clouding the analysis is the fact that this decision process takes place in a political environment. Politicians love the publicity they get at the opening of a high-occupancy vehicle lane or the expansion of a mass… View Article

When I served four terms in the state Senate, one of the few places where you could go to always and get concrete information about real solutions was the Georgia Public Policy Foundation. That hasn’t changed. [The Foundation] is really right up there at the top of the state think tanks, so you should be very proud of the work that they are doing!

Congressman Tom Price more quotes