WORKSHOP ON INVESTMENT AND FINANCIAL ANALYSIS TECHNIQUES. STATE OF THE PRACTICE: INVESTMENT AND FINANCIAL ANALYSIS

Financing of transportation improvements emerged as a significant issue in the latter part of the 1970s and is becoming the key issue of the 1980s. Financing mechanisms at the local level are the primary focus, looking at medium and longer-range financial planning (5-15 years) and not at near-term accounting and budgeting. Local financing mechanisms for highway and transit are categorized: Local highway financing--User-pay mechanisms, and nonuser mechanisms; Local transit financing--Broad based taxes and revenue sources, charges on motor vehicle users, charges on property benefitting from transit, borrowing strategies, joint ventures with the private sector. States and localities are faced with problems in existing revenue sources: Revenue base is not sensitive to inflation, fluctuating fuel consumption, fluctuating construction costs, sensitivity to social and political pressures, and increasing demands for transportation facilities, services and maintenance. Specific solutions to financing are unique to each local area; new state and local revenue sources must be found. Some interaction will be necessary among transportation plans, financial plans and land use plans. Intergovernmental responsibilities for budgeting, short-range fiscal analyses and long-term financial planning must be clarified. Responsive analytical techniques are needed.

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    • Proceedings of a conference held October 3-7, 1982, Easton, Maryland. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
  • Corporate Authors:

    Transportation Research Board

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    Washington, DC  United States  20001
  • Authors:
    • Maring, Gary E
  • Conference:
  • Publication Date: 1983

Media Info

  • Media Type: Digital/other
  • Features: Figures; References; Tables;
  • Pagination: pp 189-196
  • Monograph Title: TRAVEL ANALYSIS METHODS FOR THE 1980S
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    Open Access (libre)

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Filing Info

  • Accession Number: 00390223
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Oct 30 1988 12:00AM