When done as part of traditional transportation planning, financial planning can make the difference between a practical transportation plan and an impractical one. State and local agencies must assume primary responsiblity for planning and financing local transportation systems. Federal priorities are being placed on continuing Federal Highway Administration (FHWA) involvement in programs of greatest federal interest, such as competion of the Interstate system, and sharing information among states and local governments. Both FHWA and the Urban Mass Transportation Administration (UMTA) support the Joint Center for Urban Mobility, which is a cooperative effort by federal, state, and local governments and the private sector. The center disseminates technical information to state and local governments and assists on new approaches to urban transportation system development and financing. Joint Center studies include a case analysis of financing mechanisms, and examination of ways to improve public/private partnership in transportation planning, and an analysis of revenue forecasting approaches. FHWA and the Transportation Research Board (TRB) are conducting a study to synthesize current knowledge on toll financing and one to examine state and local ordinances that encourage private financing of public highway improvements. FHWA also studied private funds for highway improvements. Since the Public Works Improvement Act of 1984 was passed, federal agencies will have to analyze methods of financing public works improvements, trends in financing methods, and other infrastructure-related data. State and local governments must use existing revenues more effectively and identify alternative revenue sources, such as motor fuel taxes, state sales taxes on motor fuel and vehicles, toll financing, and bonding. The private sector has an increasingly significant role in planning and implementing transportation improvements. For example, the Houston Chamber of Commerce helped develope a 13-year, $17.4 billion plan for multimodal improvements; the Greater Cleveland Growth Association is addressing a severely deteriorating community infrastructure; and other private sector participants have financed intersection improvements, street widening, overpasses, and interchange construction in exchange for zoning flexibility to build office, commercial, or residential developments. Metropolitan planning organizations (MPOs), as partners with both private and public sectors, must ensure the development of a coordinated program of transportation improvements consistent with goals and financial resources.

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    • 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. This paper appeared in TRB Special Report 208, Proceedings of the Conference on Evaluating Alternative Local Transportation Financing Techniques. Conference was conducted by TRB and sponsored by FHWA and UMTA, November 28-30, 1984, Denver, Colorado.
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    Transportation Research Board

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  • Authors:
    • Judycki, Dennis C
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  • Publication Date: 1985

Media Info

  • Media Type: Digital/other
  • Pagination: pp 45-46
  • Serial:

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Filing Info

  • Accession Number: 00451155
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Nov 30 1985 12:00AM