A Guide to Innovative Financing Mechanisms for Mass Transportation: Final Report
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1982-12-01
By Rice Center
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Corporate Contributors:United States. Department of Transportation. Technology Sharing Program ; United States. Urban Mass Transportation Administration. Office of Research, Development and Demonstrations ; United States. Department of Transportation. Urban Mass Transportation Administration. Office of Planning Assistance
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Abstract:The recent shift transportation to for our nation’s in emphasis from primarily Federal financial support greater local self-sufficiency has created an enormous of public challenge urban transit community. The combined impacts of deteriorating transportation infrastructure and the need for expansion of transit in growth areas require financial support which simply cannot be provided solely from public resources. The traditional approach to planning, developing and maintaining transit, which has relied heavily on public subsidy, must change in light of the proposed New Federalism and the growing reluctance of local constituencies to increase taxation. The purpose of this technical assistance report, therefore, is to identify and define innovative financial mechanisms which can be utilized by local transit leaders and planners to create the financial base necessary to the future of public transportation.
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