A MARK, A YEN, A BUCK, OR A POUND

An array of financial services offer transit authorities new opportunities for generating funds. California dedicates a portion of its state sales tax for transit; in other cases subsidy comes from designated general fund revenues. Employer-subsidized transit is encouraged when such contributions are tax deductible. Some local government entities can levy their own mass transit taxes. A new mechanism is safe harbor leasing which now finds financial consultants as a liaison between public transit and private corporations looking for tax benefits. This tax benefit transfer (TBT) can be an expeditious means for a transit authority to get the most cash for its benefits. Investment bankers are also leading transit systems into the bond market.

  • Availability:
  • Corporate Authors:

    Bobit Publishing Company

    2500 Artesia Boulevard
    Redondo Beach, CA  United States  90278
  • Authors:
    • GENTILE, J
  • Publication Date: 1984-3

Media Info

  • Pagination: 4 p.
  • Serial:
    • Metro
    • Volume: 80
    • Issue Number: 2
    • Publisher: Bobit Publishing Company
    • ISSN: 10098-0083

Subject/Index Terms

Filing Info

  • Accession Number: 00386377
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 28 1984 12:00AM