STC synthesis of transportation funding sources and alternatives in the southeastern states now and in the future.

Details

• Creators:
  Gibson, J. Bryan ; Wallace, Candice
• Corporate Creators:
  University of Kentucky Transportation Center
• Corporate Contributors:
  United States. Federal Highway Administration
• Subject/TRT Terms:
  • Financing
  • Government funding
  • Fuel taxes
  • Revenues
  • Alternatives analysis
  • Transportation planning
  • Infrastructure
  • Transportation policy
  • Policy making
  • Public opinion
• Publication/ Report Number:
  FHWA/LA.14/544 ; LTRC Number: 14-3PF ; State Project Number: 30001422
• Resource Type:
  Tech Report
• Geographical Coverage:
  South Atlantic States
• Corporate Publisher:
  Louisiana. Dept. of Transportation and Development
• Abstract:
  In recent years, the demand for reliable transportation access has increased, but this has been ; accompanied by rising uncertainty over funding availability. The precarious fiscal situation ; facing many states has ratcheted up pressure on transportation funding regimes. Most states ; collect the majority of transportation revenues from sources such as fuel taxes and vehicle ; registration fees, while relying on the federal government via the Federal Highway Trust Fund ; (HTF) for additional monies. More often than not, fuel taxes have proven the most resilient ; source of revenue, yet concerns over increasing fuel efficiency eroding this traditional source of ; revenue have emerged. Additionally, the HTF has run a deficit in recent years and legislators ; have utilized general funds to replenish it, leaving future federal funding levels uncertain. ; Due to these issues, there is an urgent need to examine current transportation funding sources to ; determine if they are sufficient to meet current and future transportation revenue needs. ; Proposals for alternative revenue and financing mechanisms must be pragmatic and balance a ; multitude of issues to ensure the recommended models can 1) be realistically implemented in ; current political environments and 2) remain sustainable in both the near- and intermediate terms. This synthesis study examines these issues, presents potential alternative revenue sources, ; and gauges the prospects of implementation.
  More +
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/28836/dot_28836_DS1.pdf
• File Type:
  [PDF - 1.24 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:3327acb31052090690c0ee159a59d1e5bc291919f1c71ae68e707a3edb8a0296