Follow the Money

For years, Investing in Place has worked to understand how Los Angeles funds, manages, and delivers improvements to its sidewalks, streets, transit access, trees, lighting, and other public infrastructure.

What we discovered was surprisingly simple:

No one can easily see the full picture.

Los Angeles invests hundreds of millions of dollars each year in the public right-of-way through a combination of transportation sales taxes, gas taxes, special assessments, local revenues, state funding, federal grants, and other sources. Yet those investments are managed across numerous departments, bureaus, agencies, and special funds.

As a result, it is difficult for policymakers, city staff, and the public to answer basic questions:

  • How much funding is available for public infrastructure?
  • What projects are being funded?
  • What outcomes are those investments intended to achieve?
  • How do different funding sources work together?
  • Are investments aligned with city priorities?
  • Are we making progress?

The Challenge

Los Angeles organizes its budget primarily by department and funding source.

Transportation, Public Works, accessibility improvements, street lighting, urban forestry, transit access, and other infrastructure programs are often planned, budgeted, and reported separately.

This structure makes it difficult to understand how investments work together to improve the public realm.

It also limits the City’s ability to evaluate performance across systems.

For example, a budget may identify how much funding is allocated to a department or program, but it is often much harder to determine:

  • What infrastructure outcomes were achieved.
  • Whether investments met identified needs.
  • How projects were prioritized.
  • Whether spending aligns with long-term goals.

The Missing Piece

Most major cities use a Capital Infrastructure Program (CIP) to connect projects, funding, priorities, schedules, and outcomes.

A CIP helps decision-makers understand not only how much money is available, but how investments contribute to broader community goals.

It creates a framework for answering questions such as:

  • What infrastructure do we own?
  • What condition is it in?
  • What investments are needed?
  • How should limited resources be prioritized?
  • What progress are we making over time?

Without that framework, infrastructure decisions often occur one project, one department, and one budget cycle at a time.

What Better Looks Like

A stronger approach would include:

A Comprehensive Asset Inventory

The City should maintain a clear understanding of the infrastructure it owns and is responsible for maintaining.

Transparent Infrastructure Funding

Funding sources should be easier for policymakers and the public to understand, track, and evaluate.

Multi-Year Capital Planning

Infrastructure investments should be planned over multiple years rather than through annual budgeting alone.

Performance Reporting

The City should regularly evaluate not only how much money was spent, but what outcomes were achieved.

Shared Priorities

Infrastructure decisions should be guided by a clear vision, measurable goals, and transparent prioritization criteria.

Why This Matters

The condition of Los Angeles’ sidewalks, streets, trees, lighting, transit access, and public spaces is not simply a maintenance issue.

It is also a budgeting and governance issue.

If Los Angeles wants to improve the public realm, it needs systems that allow decision-makers and residents to understand where money is going, what it is accomplishing, and how investments contribute to a shared vision for the future.

Before we can improve the system, we need to understand it.

And to understand it, we have to follow the money.

New Title

New Name

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Estolano Advisors

Richard France

Richard France assists clients with strategic planning, visioning, and community and economic development. He is a strategic planner at Estolano Advisors, where he has been involved in a variety of active transportation, transit-oriented development, climate change resiliency, and equitable economic development projects. His work in active transportation includes coordinating a study to improve bike and pedestrian access to transit oriented districts for the County of Los Angeles, and working with the Southern California Association of Governments to host tactical urbanism events throughout the region. Richard also serves as a technical assistance provider for a number of California Climate Investment programs, including the Affordable Housing Sustainable Communities, Transformative Climate Communities, and Low Carbon Transit Operations programs. He has also taught at the UCLA Luskin School of Public Affairs. Richard received a Bachelor of Environmental Design from the University of Colorado at Boulder, and his M.A. in Urban Planning from UCLA.

Accelerator for America, Milken Institute

Matt Horton

Matt Horton is the director of state policy and initiatives for Accelerator for America. He collaborates with government officials, impact investors, and community leaders to shape infrastructure, job creation, and equitable community development efforts. With over fifteen years of experience, Matt has directed research-driven programs and initiatives focusing on housing production, infrastructure finance, access to capital, job creation, and economic development strategies. Previously, he served as the director of the California Center at the Milken Institute, where he produced research and events to support innovative economic policy solutions. Matt also has experience at the Southern California Association of Governments (SCAG), where he coordinated regional policy development and planning efforts. He holds an MA in political science from California State University, Fullerton, and a BA in history from Azusa Pacific University. Additionally, Matt serves as a Senior Advisor for the Milken Institute and is involved in various advisory boards, including Lift to Rise and WorkingNation.

UCLA Lewis Center for Regional Policy Studies

Madeline Brozen

Madeline is the Deputy Director of the UCLA Lewis Center for Regional Policy Studies at the Luskin School of Public Affairs. She oversees and supports students, staff, and faculty who work on planning and policy issues about how people live, move, and work in the Southern California region. When not supporting the work of the Lewis Center community, Madeline is doing research on the transportation patterns and travel needs of vulnerable populations in LA. Her recent work includes studies of low-income older adults in Westlake, public transit safety among university students, and uncovering the transportation needs of women, and girls in partnership with Los Angeles public agencies. Outside of UCLA, Madeline serves as the vice-chair of the Metro Westside Service Council and enjoys spending time seeing Los Angeles on the bus, on foot, and by bike.

Office of Los Angeles Mayor Karen Bass

Luis Gutierrez

Luis Gutierrez, works in the Office of Los Angeles Mayor Karen Bass, as the Director of Energy & Water in the Office of Energy and Sustainability (MOES), Luis oversees issues related to LA’s transition to clean energy, water infrastructure, and serves as the primary liaison between the Mayor’s Office and the Department of Water and Power. Prior to joining MOES, Luis managed regulatory policy proceedings for Southern California Edison (SCE), focusing on issues related to equity and justice. Before joining SCE, Luis served as the Director of Policy and Research for Inclusive Action for the City, a community development organization dedicated to economic justice in Los Angeles. Luis holds a BA in Sociology and Spanish Literature from Wesleyan University, and a Master’s Degree in Public Administration from Cal State LA.

Communications Strategist

Kim Perez

Kim is a writer, researcher and communications strategist, focused on sustainability, urban resilience and safe streets. Her specialty is taking something complex and making it clear and compelling. Harvard-trained in sustainability, she won a prize for her original research related to urban resilience in heat waves—in which she proposed a method to help cities identify where pedestrians spend a dangerous amount of time in direct sun, so they can plan for more equitable access to shade across a city.

EXECUTIVE DIRECTOR

Jessica Meaney

Jessica Meaney is the founder and executive director of Investing in Place.


She has spent more than two decades working across philanthropy, government, and nonprofit organizations in Los Angeles, focused on how cities care for public space. Jessica holds a BA from Prescott College and a master’s degree in urban sociology from California State University, Los Angeles.


Her background in urban sociology shapes how she understands infrastructure, not simply as physical assets, but as reflections of how cities allocate resources, set priorities, and shape daily life. She examines sidewalks, streets, and parks as interconnected civic systems influenced by governance, finance, and institutional design.


At Investing in Place, Jessica leads research, convenings, and long-term analysis of how Los Angeles manages its public realm. Her work increasingly explores how cities structure and sustain public space systems over time, contributing to broader conversations about public governance and the social life of infrastructure.