News Story

On May 25, 2018, an article in The Bond Buyer referenced a report released by Standard and Poor's earlier that month titled "Between a Budget and a Hard Place: The Risks of Deferring Maintenance for U.S. Infrastructure."  In the report, S&P recognized the approach taken by the District (specifically the OCFO) towards better infrastructure maintenance planning, and how that approach could serve as a model for other state and local governments across the country.  The article goes on to state that the rating agency recommended that other state and local governments follow the District of Columbia's approach to inventory, assess, prioritize and develop plans to fund deferred maintenance.