THE FEASIBILITY OF STATE-LEVEL MULTI-MODAL TRANSPORTATION TRUST FUNDS
Recent experience has shown that the slowdown in the growth of motor fuel tax revenues and rapid inflation in transportation construction and operations have created a serious challenge for states. The multi-modal trust fund would provide a method for expanding the fiscal base for transportation finance while increasing the flexibility that transportation plannes have in their short- and long-term decision-making. This study analyzes the question of multi-modal trust funds in some detail. It presents and discusses the methodology and results of a survey of State Departments of Transportation regarding their present financial position and policy stances on both the concept of a multi-modal trust fund and a variety of other State and Federal Proposals for revising transportation financing and planning methods. Based on the thirty-six responses, the concept of such a trust fund was viewed favorably, but the problems that it might raise and the political battles that such a plan would face made its enactment in most states highly unlikely. The respondents' views expressed strong support for the continuation of the Highway Trust Fund, but also that (a) a rapid completion of the Interstate Highway System was not a very high priority in many states, (b) greater flexibility in the use of Federal transportation assistance was needed, and (c) a stable, dependable source of Federal mass transit assistance received a strong mandate. This report provides conclusions regarding possible future policy changes in the transportation finance area, and raises some questions that deserve further attention. /UMTA/
- Sponsored by the Urban Mass Transportation Administration. This report provides a list of references and the Transportation Trust Fund Questionnaire forms.
Polytechnic Institute of New YorkTransportation Training and Research Center, 33 Jay Street
Brooklyn, NY USA 11201
- Crowell, W
- Publication Date: 1978-11
- Pagination: 34 p.
- TRT Terms: Data collection; Feasibility analysis; Financing; Multimodal transportation; State highway departments; Surveys
- Identifier Terms: Highway Trust Fund
- Subject Areas: Finance; Highways; Public Transportation;
- Accession Number: 00193622
- Record Type: Publication
- Source Agency: Urban Mass Transportation Administration
- Report/Paper Numbers: UMTA-NY-11-0014-79-1Final Rpt.
- Files: NTIS, TRIS, USDOT
- Created Date: Jun 13 1981 12:00AM