Abstract
The last time planners fretted about the relationship between infrastructure financing and environmental protection was some 20 years ago, during the Reagan administration's growing budget deficits and shameful Superfund scandals within the U.S. Environmental Protection Agency (EPA). In response to these historic fiscal and political crises, policy analysts in the mid-1980s decried the declining state of our infrastructure, calling for both new sources of revenues (principally new taxes, user charges, and impact fees) and better planning.