HIGHWAY FINANCE: PAST, PRESENT, AND FUTURE

An overview of the financial structure for highways is reviewed in this article, which compares recent trends in highway finance and annual investment required to maintain the current system. Pie charts and bar graphs illustrate spending patterns, sources of funds, and the annual outlays for transportation. Additional funding is required to maintain the current level of highway performance and to prevent its deterioration. Options for increasing highway revenues are provided, including increases in motor fuel taxes and user fees (tolls). The authors also suggest full use of investment income and other receipts, increasing bond issue proceeds, tapping private sources, and developing and using other creative financing. To this end, the Federal Highway Administration (FHWA) has established "Innovative Financing" as Test and Evaluation Project, TE-045. The project encourages states, private investors, and the financial community to increase investment in transportation.

Record URL:
Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/1586080
Corporate Authors:
Federal Highway Administration

1200 New Jersey Avenue, SE
Washington, DC United States 20590
Authors:
- Williams, G
- Howard, T
Publication Date: 1994

Language

English

Media Info

Features: Figures; References; Tables;
Pagination: p. 13-17
Serial:
- Public Roads
- Volume: 58
- Issue Number: 1
- Publisher: Federal Highway Administration
- ISSN: 0033-3735
- Serial URL: https://www.fhwa.dot.gov/publications/publicroads/
Publication flags:
Open Access (libre)

Subject/Index Terms

TRT Terms: Expenditures; Fees; Finance; Investments; Planning; Revenues; Taxes
Uncontrolled Terms: Financial sources
Old TRIS Terms: Financial expenditures; Investment planning
Subject Areas: Finance; Highways; Planning and Forecasting; I10: Economics and Administration;

Filing Info

Accession Number: 00663032
Record Type: Publication
Files: TRIS, ATRI, USDOT
Created Date: Jun 22 1994 12:00AM