Road are also listed on city books as an asset, with a positive cash value, instead of a liability. But unfortunately, future road maintenance is a liability ju

Road are also listed on city books as an asset, with a positive cash value, instead of a liability. But unfortunately, future road maintenance is a liability just like future pension payments, and cities can’t actually sell roads to pay for other things. That future payment is generally not accounted for anywhere by any city. The accounting practices around infrastructure are quite surprisingly bad.