For revenue-strapped state and local governments, contracting with private entities to build or operate public assets like roads and government buildings or provide public services is often proposed as an alternative. House Bill 407—which would set up a framework in Kentucky for a kind of privatization known as public-private partnerships (P3s)—has passed the House with little opposition. But Kentuckians should be wary that privatization measures can increase costs and jeopardize the public interest in accessible, high-quality public goods and services.
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