THE DEVELOPMENT OF FINANCIAL PLANS FOR REGIONAL TRANSPORTATION PLANS - METHODS, DATA AND ISSUES

The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) requires that projects identified in a region's long range plan be financially constrained. As a metropolitan planning organization, the Southeast Michigan Council of Governments (SEMCOG) developed a plan that not only met the ISTEA requirements and served the needs of its member communities, but that also was consistent and comparable with forecasts developed by the state's other urban areas and with the state plan developed by the Michigan Department of Transportation. This paper describes the method, development of assumptions and databases and the validation of the forecast with local and state transportation agencies. SEMCOG focused on identifying and matching resources to meet the region's capital needs, which involved roadway, transit, non-motorized and intermodal projects. Future revenues were used to constrain the projects, with unmet needs being defined as the shortfall of financial resources necessary to meet all needs identified in the deficiency analysis stage. In a survey that identified revenue resources, revenues were anticipated as being "available" from federal, state and local sources.

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• Record URL:
  https://rosap.ntl.bts.gov/view/dot/4669
• Supplemental Notes:
  • The proceedings are available only on CD-ROM.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Mann, C R
  • Johnson, K A
  • Tumidanski, J
• Conference:
  • Sixth TRB Conference on the Application of Transportation Planning Methods
  • Location: Dearborn, Michigan
  • Date: 1997-5-19 to 1997-5-23
• Publication Date: 1997

Language

• English

Media Info

• Pagination: 12p

Subject/Index Terms

• TRT Terms: Finance; Forecasting; Long range planning; Planning methods; Regional planning; Revenues; Transportation planning; Validation
• Identifier Terms: Intermodal Surface Transportation Efficiency Act of 1991; Southeast Michigan Council of Governments
• Uncontrolled Terms: Financial resources
• Subject Areas: Finance; Highways; Planning and Forecasting; Public Transportation; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00789767
• Record Type: Publication
• Files: NTL, TRIS, TRB
• Created Date: Mar 10 2000 12:00AM