FINANCIALLY CONSTRAINING WASHINGTON'S TRANSPORTATION PLAN
The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) requires states and metropolitan planning organizations (MPOs) to develop long-range transportation plans. These plans must be financially realistic and be based on available revenues. In the past, states and MPOs have not forecast transportation revenues beyond 6 years. The ISTEA requirements prompt the need for new approaches to forecasting revenue. An approach adopted by Washington State in developing its financially constrained 20-year plan for state highways is presented. The methodology predicts a revenue stream based on no changes in revenue sources or levels (called "current law"). The methodology also forecasts a revenue stream assuming an historical pattern of transportation revenue increases. In Washington State, the current law forecast will fund about one-third of the 20-year needs on state highways. The historical trend forecast will fund about two-thirds of these needs.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/309062144
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Supplemental Notes:
- This paper appears in Transportation Research Record No. 1518, Transportation Planning Applications.
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Authors:
- Ziegler, Brian
- Meale, Eric
- Publication Date: 1996
Language
- English
Media Info
- Features: Figures;
- Pagination: p. 38-41
- Monograph Title: Transportation planning applications
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Serial:
- Transportation Research Record
- Issue Number: 1518
- Publisher: Transportation Research Board
- ISSN: 0361-1981
Subject/Index Terms
- TRT Terms: Financial analysis; Forecasting; Long range planning; Revenues; State highways
- Geographic Terms: Washington (State)
- Old TRIS Terms: Financial constraints
- Subject Areas: Finance; Highways; Planning and Forecasting; I10: Economics and Administration;
Filing Info
- Accession Number: 00725614
- Record Type: Publication
- ISBN: 309062144
- Files: TRIS, TRB
- Created Date: Sep 19 1996 12:00AM