Funding Surface Transportation in Minnesota: Past, Present and Prospects

Transportation systems play an imperative role in enhancing the productivity and the quality of life in the United States. The funding and financing of transportation is a complex process requiring joint efforts of federal, state, and local governments. To meet current and future transportation needs, policymakers must constantly assess the mechanism of transportation finance to ensure adequate and sustainable investment. In recent years, depleting state and local budgets and growing capital and maintenance costs related to transportation have been a common challenge. The state of Minnesota is estimated to have billions in unmet transportation needs to keep up with inflation and the increase in transportation demands. In 2008, the state legislature passed chapter 152 (HF2800), which made some important changes to existing funding techniques. This report reviews the funding of public surface transportation systems (including highways, transit and local roads) in Minnesota. The authors look at how transportation projects have been funded, identify current and future policy issues likely to affect transportation funding, look at the implications of chapter 152 (HF2800), and go over some of the funding options suggested by other researchers. The aim is to encourage better understanding and management of issues related to transportation funding in Minnesota.

Language

  • English

Media Info

  • Media Type: Web
  • Edition: Final Report
  • Features: Figures; References; Tables;
  • Pagination: 49p

Subject/Index Terms

Filing Info

  • Accession Number: 01145112
  • Record Type: Publication
  • Report/Paper Numbers: CTS 08-23, CTS Project 2008050
  • Files: TRIS
  • Created Date: Nov 25 2009 3:58PM