Why Public Spending Spirals Out of Control

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Apr 24, 2025

A single step costing $935,000? Dive into how public projects spiral into budget disasters, leaving taxpayers footing the bill. What’s driving these costs?

Financial market analysis from 24/04/2025. Market conditions may have changed since publication.

Have you ever wondered how a simple repair project can balloon into a budget-breaking fiasco? Picture this: a grand staircase, once a symbol of civic pride, now crumbling and off-limits, with each step costing nearly a million dollars to fix. It’s not a hypothetical scenario—it’s happening right now in a major U.S. state capital. The staggering price tag of this project, and others like it, raises a question that hits hard: why does public spending so often spiral out of control? Let’s dive into the messy world of government budgets and uncover what’s really going on.

The High Cost of Neglect

When infrastructure projects are ignored for years, the price of fixing them doesn’t just grow—it explodes. Take the case of a historic staircase leading to a state capitol. Back in 2014, experts estimated repairs would cost $17 million. Fast forward to today, and the bill has skyrocketed to $72 million. That’s a jaw-dropping increase, and it’s not an isolated incident. Deferred maintenance is a silent budget killer, and taxpayers are left holding the bag.

Neglecting infrastructure is like ignoring a leaky roof—small problems become catastrophic, and the cost to fix them grows exponentially.

– Urban planning expert

Why does this happen? When maintenance is postponed, small issues—like rusting supports or loose bricks—worsen over time. By the time officials act, they’re not just repairing; they’re rebuilding. In this case, inspectors found steel supports so corroded and bricks so loose they could be pulled out by hand. The result? A project that’s now costing $935,000 per step for a 77-step staircase. It’s hard not to feel a little frustrated when you see numbers like that.

The Deferred Maintenance Trap

Deferred maintenance isn’t just a one-off mistake—it’s a systemic issue. Governments often prioritize shiny new projects over maintaining existing infrastructure. Why? New buildings and bridges get ribbon-cutting ceremonies and headlines, while fixing old stairs doesn’t. But this short-term thinking comes at a long-term cost. In my experience, it’s like skipping oil changes for your car—sure, you save a few bucks now, but you’ll pay big when the engine fails.

  • Rising repair costs: Small fixes become major overhauls when ignored.
  • Safety risks: Deteriorating infrastructure can endanger the public.
  • Budget strain: Funds get diverted from other critical services.

The staircase in question was flagged as a hazard over a decade ago, yet only minimal funds were allocated for urgent patches. By 2022, the cost had more than doubled from the original estimate, and by the time a contractor was hired, it had nearly quadrupled. This isn’t just poor planning—it’s a failure to prioritize fiscal responsibility.

Inflation and Construction Costs: A Perfect Storm

Let’s be fair—some cost increases are beyond anyone’s control. Inflation has hit the construction industry hard, driving up the price of materials and labor. Since 2014, the cost of steel, concrete, and skilled workers has risen significantly. Add in supply chain disruptions and global economic shifts, and it’s no wonder budgets are stretched thin. But here’s the kicker: inflation doesn’t explain a quadrupling of costs.

According to industry experts, construction costs have risen by about 4-6% annually in recent years. Over a decade, that could double a project’s price tag, but it doesn’t account for a $55 million jump. So, what else is at play? Perhaps it’s the lack of competition in bidding. In this case, only two companies submitted bids, which can drive prices higher. When there’s no pressure to keep costs down, contractors can charge a premium.


A Lack of Transparency

One of the most frustrating aspects of this story is the lack of clear answers. When asked why costs had ballooned, officials cited legal restrictions on discussing ongoing procurement processes. Really? That feels like a convenient excuse to avoid accountability. Taxpayers deserve to know how their money is being spent, especially when it’s $72 million for a staircase.

Transparency is the cornerstone of trust in government. Without it, citizens are left in the dark about how their money is used.

– Public policy analyst

In my opinion, this opacity fuels distrust. If officials can’t explain why a project’s cost has quadrupled, how can we trust them to manage other public funds? Internal documents reportedly showed the government was prepared to spend even more—over $80 million—at one point. That kind of discrepancy demands answers, not vague deflections.

Not an Isolated Incident

If this staircase saga feels outrageous, brace yourself—it’s not even the only one. Another major U.S. city recently spent $30 million on a 28-step staircase in a busy subway station. That’s over $1 million per step. Are these stairs made of gold? Probably not, but the pattern is clear: public projects often come with eye-watering price tags that defy logic.

ProjectCostStepsCost per Step
State Capitol Staircase$72M77$935,000
Subway Station Staircase$30M28$1.07M

What’s driving this trend? Part of it is the complexity of public projects. Unlike private construction, government jobs face layers of bureaucracy, regulatory hurdles, and political pressures. But that’s only part of the story. The real issue is a lack of fiscal discipline. When budgets aren’t tightly controlled, costs can spiral without anyone stepping in to say, “Enough is enough.”

What Can Be Done?

So, how do we stop these budget blowouts? It’s not easy, but there are practical steps that could make a difference. I’ve always believed that accountability starts with asking tough questions and demanding clear answers. Here are a few ideas to rein in government waste:

  1. Prioritize maintenance: Fund regular upkeep to avoid costly overhauls.
  2. Increase competition: Encourage more companies to bid on projects to drive down costs.
  3. Enhance transparency: Require detailed public reports on project budgets and cost increases.
  4. Cap cost escalations: Set limits on how much a project’s budget can grow without legislative approval.

These steps won’t solve everything, but they’re a start. The key is shifting from reactive spending to proactive planning. Governments need to treat taxpayer money like it’s their own—not an endless piggy bank for poorly managed projects.

The Bigger Picture

At its core, this staircase saga is about more than just granite steps. It’s a symptom of a broader issue: how we manage public resources. Every dollar spent on an overpriced project is a dollar that could’ve gone to schools, healthcare, or roads. When I think about the families struggling to make ends meet, it’s hard not to feel a pang of anger at these wasteful expenditures.

Perhaps the most troubling aspect is what this says about our priorities. Are we okay with a system where a single step costs more than most people’s homes? Or do we demand better? I believe we can do better, but it starts with holding officials accountable and pushing for smarter budget management.


The next time you hear about a public project with a shocking price tag, don’t just shrug it off. Ask questions. Dig deeper. Because if we don’t, we’re just paving the way for more million-dollar steps—and that’s a journey none of us can afford.

The truth is, successful people are not ten times smarter than you. They don't really work ten times harder than you. So why are they successful? Because their dreams are so much bigger than yours!
— Darren Hardy
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