UTAP: "ONE HAND GIVETH, AND ONE HAND TAKETH AWAY"

On February 13, 1974 the White House passed the Unified Transportation Assistance Program (UTAP). The program makes available $2.5 billion per year in three appropriations. The first part ($700 million) will be capital grants devoted to major mass transit projects. The second ($700 million) would be available for either capital investment or operating subsidies at local option. The third part ($1.1 billion in Highway Trust Fund money) would be available for urban highways, streets or mass transit capital projects at local option. However, critics of the bill are afraid that the following might happen: a) the $700 million transit capital grants would go to mass transit projects in the same way that UMTA money was distributed. But UMTA would have provided $1.2 billion in 1975. b) The $700 million transit operating and/or capital costs would be used by politicians to meet operating deficits and keep fares down. c) The $1.1 billion Highway Trust Fund would probably be taken over largely by the highway lobby. Many transit people believe that there is a better way to hand out transit funds. However, most agree that it is a step in the right direction.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1586268
• Corporate Authors:

  Simmons-Boardman Publishing Corporation

  P.O. Box 350
  Bristol, CT  United States  06010

  Simmons-Boardman Publishing Corporation

  P.O. Box 350
  Bristol, CT  United States  06010
• Publication Date: 1974-3

Media Info

• Pagination: 4 p.
• Serial:
  • Railway Age
  • Volume: 175
  • Issue Number: 5
  • Publisher: Simmons-Boardman Publishing Corporation
  • ISSN: 0033-8826
  • Serial URL: http://www.railwayage.com

Subject/Index Terms

• TRT Terms: Economics; Finance; Financing; Government funding; Grant aid; Policy; Public transit; Subsidies; Urban transportation
• Identifier Terms: Highway Trust Fund
• Old TRIS Terms: Government policies; Unified transportation assistance program
• Subject Areas: Economics; Finance; Policy; Public Transportation; Railroads;

Filing Info

• Accession Number: 00054664
• Record Type: Publication
• Source Agency: Canadian National Railways, Headquarters Library
• Files: TRIS
• Created Date: Jun 10 1981 12:00AM