INFORMATION NEEDED FOR THE FISCAL AND ALLIED PHASES OF LONG- RANGE HIGHWAY PROGRAM PLANNING

LONG-RANGE HIGHWAY PLANNING SURVEYS MUST ANSWER THE FOLLOWING FOUR QUESTIONS: (1) WHAT ARE THE SOCIAL AND ECONOMIC FACTORS WHICH CAUSE AND WILL CONTINUE TO CAUSE A DEMAND FOR THE IMPROVEMENT OF HIGHWAY TRANSPORTATION FACILITIES, AND HOW MAY THESE FACTORS BE MEASURED? (2) WHAT TYPES OF HIGHWAYS AND HOW MANY MILES OF EACH TYPE ARE NEEDED TO SUPPLY PRESENT AND ANTICIPATED FUTURE NEEDS, AND WHAT WILL IT COST TO OWN THEM? (3) CAN THE PEOPLE OF THE STATE AFFORD TO OWN SUCH A NETWORK OF HIGHWAYS, AND HOW SHALL AN ADEQUATE FUTURE PROGRAM BE FINANCED? (4) HOW CAN AN ADEQUATE NETWORK OF HIGHWAYS BE ADMINISTERED MOST EFFECTIVELY? A CONVENIENT DIVISION OF THE LONG-TERM PLAN PROJECTS INTO FOUR PRINCIPAL PHASES: ECONOMIC AND SOCIOLOGICAL, ENGINEERING, FINANCIAL, AND ADMINISTRATIVE. METHODS FOR DETERMINING SPECIFIC REQUIREMENTS ARE ANALYZED. HISTORICAL STUDIES ARE PRESENTED OF FINANCE AND TAXATION. STATISTICAL STUDY OF PRINCIPLES AND POLICIES GOVERNING HIGHWAY FINANCE AND TAXATION SHOULD INDICATE CLEARLY: (1) THE NATURE AND EXTENT OF FISCAL AND TAX SCHEMES THAT ARE PERMISSABLE UNDER EXISTING LAWS, (2) THE EXTENT TO WHICH THE PRINCIPLES AND POLICIES IN EFFECT IN THE STATE UNDER CONSIDERATION AGREE OR DISAGREE WITH RECOGNIZED PRINCIPLES AND POLICIES OF HIGHWAY FINANCE AND TAXATION, AND (3) THE PROBABLE RECPTION WHICH ANY PROPOSED INNOVATIONS IN TAXATION AND FINANCE ARE LIKELY TO RECEIVE. FINANCIAL REQUIREMENTS OF THE PHYSICAL PROGRAM ARE REVIEWED IN ORDER TO DEVELOP A FISCAL AND TAX PROGRAM. IT IS CONCLUDED THAT THE DEVELOPMENT OF BETTER AND MORE EQUITABLE SCHEMES FOR FINANCING HIGHWAYS MUST BE DEVELOPED THAT WILL OVERCOME THE MORE SERIOUS SHORT-COMINGS OF PRESENT SCHEMES.

Media Info

  • Media Type: Print
  • Features: Appendices; Tables;
  • Pagination: pp 20-46
  • Monograph Title: Highway finance
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00200254
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Aug 12 1994 12:00AM