IS PUBLIC TRANSIT A GOOD INVESTMENT?

Governments have been diligently applying funds to public transit systems. After 30 years of federal involvement, over $150 billion of tax dollars have been spent to expand and maintain public transit systems. Up to this point, no comprehensive analysis of this investment has been made. This paper has compiled data from a variety of sources into formats not generally available in order to try to answer the basic question of whether public transit is a good investment. The negative economic consequences of using scarce resources to prop up financially unprofitable transit rebut the contention that such spending is a net benefit to lower income segments of society. The declining operating performance, the deepening annual financial deficits, the minimal social benefit, and the negative impact on economic growth all support the conclusion that public transit has not been a good investment of tax dollars.

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 654-677

Subject/Index Terms

Filing Info

  • Accession Number: 00766636
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 29 1999 12:00AM