LOCAL TRANSPORTATION GOALS AND FINANCING REALITIES: THE URBAN TRANSIT EXAMPLE

The financing of urban public transit has always been a challenging and problematic subject, but particularly so since the late 1960s when the deficit payments for existing systems grew substantially and the demand for new systems in other areas increased. The expansion of transit services or changes in fare levels are typically instituted to try to meet a wide variety of local, state, and federal goals, and funds from each level of government are usually involved. However, the most serious transit financing problems in recent years have generally occurred on the local level, where relatively small differences in local matching costs under various federal subsidy schemes frequently can overwhelm the selection process among transportation options. The paper discusses the nature of local transportation goals and how this matches up with the fiscal methods available locally and offers basic criteria by which the suitability of a local taxation scheme may be judged. The issues involved in the choice between the use of earmarked transportation taxes versus general revenues are also discussed. It is concluded that (a) local transportation projects must be planned more carefully and selected to match the true nature of the travel markets involved and (b) financing schemes should be designed to match benefits and patterns of tax burden and to minimize description in other local economic markets. (Author)

Media Info

  • Media Type: Print
  • Features: References; Tables;
  • Pagination: pp 1-6
  • Monograph Title: Critical issues in urban transit finance and management
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00330082
  • Record Type: Publication
  • ISBN: 0309030749
  • Files: TRIS, TRB
  • Created Date: May 21 1982 12:00AM