State Revenue Scenarios for Different Economic Conditions and Taxation Policies

McFarland, William F.; Smith, Evelyn K.; Fuller, Theron K.; Burke, Dock

i

State Revenue Scenarios for Different Economic Conditions and Taxation Policies

1975-10-01
By McFarland, William F. ; Smith, Evelyn K. ; Fuller, Theron K. ; Burke, Dock

File Language:

English

Details

Creators:

McFarland, William F. ; Smith, Evelyn K. ; Fuller, Theron K. ; Burke, Dock
Corporate Creators:

Texas Transportation Institute. Texas A&M University
Corporate Publisher:

Texas Transportation Institute. Texas A&M University
Corporate Contributors:

Texas State Department of Highways and Public Transportation
Subject/TRT Terms:
- Legislation
- Economic conditions
- Taxation
- Revenues
- Policy
- Finance
- Forecasting
- Highways
Publication/ Report Number:

191-2
Resource Type:

Tech Report
Geographical Coverage:

Texas ; United States
Description:

Recent changes in basic economic conditions have had a considerable impact on state revenues available to the Texas State Department of Highways and Public Transportation (SDHPT). The historical growth pattern for revenues has been interrupted because of reduced growth in travel and numbers of vehicles. This change in the revenue growth pattern, coupled with large increases in costs, has resulted in a large reduction in the real purchasing power of available revenues. Because of this new revenue and cost situation, it is more difficult to predict future SDHPT revenues for different possible economic conditions and taxation policies. This report presents a method that can be used to project future revenues for different scenarios (forecasts) of economic conditions and different taxation policies. Revenue projections for the different economic conditions considered in this report reveal that there is a wide variation in future revenues, depending upon which scenario is considered. Even in the most optimistic case, however, a considerable increase in taxes would be necessary to prevent real revenues from decreasing substantially, if current trends in highway costs continue in the future.
Format:

PDF
Funding:

2-1-75-191
Download URL:

https://rosap.ntl.bts.gov/view/dot/84693/dot_84693_DS1.pdf
File Type:

[PDF - 1.84 MB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha-512:c9fe8d656afb61b12faedfc37bc6f00d6dd0e7776c59919275bb56fe6ab59e947db52c27d1979dd8a5fb93bb34f75d5970f51a36b8d59e58ef0306c9229df620

File Language:

English

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