United States Department of Transportation
i
Alternative Funding Approaches for Iowa Roads [Tech Brief]
-
2022-05-01
[PDF-169.39 KB]
Details:
-
Corporate Creators:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Publication/ Report Number:
-
Resource Type:
-
Geographical Coverage:
-
Edition:Tech Brief
-
Corporate Publisher:
-
Abstract:TR-790: Alternative Funding Approaches for Iowa Roads provides the Iowa Highway Research Board (IHRB) with near-term and long-range funding recommendations to address ongoing road and bridge needs across the State of Iowa (the State) based on transportation industry research, academic research, technical analyses, and feedback from the project’s Technical Advisory Committee (TAC). A review of the existing road and bridge funding sources identified several challenges that will continue to impact the State’s ability to achieve near-term and long-range financial sustainability. The primary funding sustainable challenge is the continued reduction in revenue from the State’s largest single funding source for transportation - the fuel tax. Three key factors are negatively impacting fuel tax revenues: 1) continued improvements in fuel economy of vehicles, 2) the accelerated growth in ownership of electric vehicles (EV) and plug-in hybrid vehicles (PHEV), and 3) slower growth of vehicle miles traveled (VMT) due to the COVID-19 pandemic, the increase in working remotely, and other cultural shifts.
-
Format:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type:
