USC Price School of Public Policy

SPPD Professors Suggest Ways to Pay for Transit

SPPD Professors Suggest Ways to Pay for Transit

Richard Little Richard Little

On Sept. 30, Richard Little and Mark Pisano of the USC School of Policy, Planning, and Development spoke at a “Funding and Financing Solutions for Surface Transportation in the Coming Decade” conference at the U.S. Capitol Visitor Center in Washington, D.C.

The conference was co-sponsored by the USC Keston Institute for Public Finance and Infrastructure Policy.

More than 100 congressional staffers and members of the transportation policy community attended the event. Pisano, a senior fellow at SPPD, moderated a panel at which Little spoke. Little is the director of the USC Keston Institute.

Mark Pisano Mark Pisano

Little put forward the idea of using some of the $14 trillion of public and private pension assets and Social Security funds to invest in transportation infrastructure.

“We need infrastructure capital and we need good returns on Social Security and pension funds,” Little said. “It’s an opportunity for people to invest in the physical health of America.”

Little said that some union groups have endorsed the idea and have recommended that the full AFL-CIO do the same.