January 01, 1999

Reaching the Breaking Point: The Commonwealth's Capital Dilemma

This in-depth analysis of the Commonwealth's capital finances finds that the growing pressure on the capital budget has reached a crisis stage. The report warns that unless Massachusetts takes a series of steps to direct more of the state's resources to meeting its capital needs, the state will have to sacrifice a host of investments-ranging from highways and water projects to schools and seaports-that are critical to its long-term economic health. The report includes a detailed analysis of the impact of the Central Artery/Tunnel project on the state's capital budget and offers a wide- ranging set of recommendations to address the capital dilemma that have shaped the debate since the report was published. Winner of the national Governmental Research Association's annual award for Most Effective Citizen Education.