IMPACT ANALYSIS OF A COST-BASED APPROACH TO HIGHWAY FINANCING IN IOWA
This research deals with the potential impacts of increased highway funding in Iowa ($100 million yearly). The added funding would permit improvement of the highway infrastructure and would be raised through revised user fees applied to heavier motor vehicles. The mechanism used, "third structure" weight-distance taxes, would apply with the greatest impact to the heaviest, most used vehicles. At the same time, the author suggests a reduction in vehicle registration fees, especially for the heavier trucks. The impacts studied in this report are the net effects of higher fees compared with the gains to be achieved from better highways. The author posits several scenarios based upon different assumptions pertaining to excess capacity, cost shifting, and incidence in the motor carrier industry and in other industries. He employs economic models to quantify employment and tax revenue impacts affecting various sectors of the Iowa economy, which result from highway finance changes.
- This study was supported by the Iowa General Assembly and the Northwest Area Foundation through the Iowa Legislative Extended Assistance Group (LEAG), by the Iowa Department of Transportation, and by the Iowa Comptroller's Office.
University of Iowa, Iowa CityInstitute of Urban and Regional Research
Iowa City, IA United States 52242
- Forkenbrock, D J
- Publication Date: 1984-3
- Features: Figures; References; Tables;
- Pagination: 88 p.
- TRT Terms: Costs; Economic models; Employment; Financing; Heavy vehicles; Highway capacity; Highways; Impacts; Motor carriers; Motor vehicles; Registration fees; Traffic incidents; User charges
- Uncontrolled Terms: Incidents
- Geographic Terms: Iowa
- Old TRIS Terms: Cost based; Impact analysis
- Subject Areas: Economics; Finance; Highways; Motor Carriers; I10: Economics and Administration;
- Accession Number: 00724616
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 21 1996 12:00AM