STATE AND FEDERAL ISSUES IN FINANCING HIGHWAY PROGRAMS

Current and emerging issues in highway finance are summarized from both a state and a federal perspective. The highway revenue outlook is presented and contrasted with recent historical experience. Inflationary forces, particularly in the highway construction and maintenance sectors, and the projected revenue impacts of the Energy Policy and Conservation Act of 1975 are having a severe effect on the ability of the states to maintain and improve existing highway systems. The increasing constraints on state highway budgets raise several questions concerning future highway finance alternatives and the proper roles of federal and state governments. The problem of the inability of the existing federal-aid highway program to adapt to changes in the highway finance environment and shifting investment priorities is growing. More attention should be given to the link between highway investment policy objectives and the programs designed to implement these objectives. /Author/

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 22-28
  • Monograph Title: Transportation finance and charges, programming, and costs
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00196588
  • Record Type: Publication
  • ISBN: 0309028256
  • Files: TRIS, TRB
  • Created Date: Aug 28 1979 12:00AM