This report found that the Region has been making considerable investment in maintaining and expanding critical infrastructure. These investments are being made by local, state and federal governments, local and regional authorities, energy, telecommunication, water and wastewater utilities, and private businesses. A variety of sources are used to pay for infrastructure investments, including tax collections, utility rates, and user fees paid for services such as on toll roads.
Despite these investments, and in light of the continued growth in the region, with more than 1.6 million new residents expected by 2040 (an increase of nearly 33%), billions of dollars in additional funding is needed to maintain our critical infrastructure. Comparing and comprehensively quantifying the needs across the region and its major infrastructure sectors requires accounting for the different planning horizons and financing assumptions made by each infrastructure provider. Accepting that there is no standard time frame for analysis, this report conservatively estimates a funding gap of $58 billion in the next 15 years.