FINANCING A NATION-WIDE HIGHWAY PROGRAM

THE MAGNITUDE OF THE HIGHWAY FINANCE PROBLEM IS MEASURED BY THE DISPARITY BETWEEN AVAILABLE REVENUES AND THE FINANCIAL REQUIREMENTS OF AN ADEQUATE PROGRAM. TO MEET ACCUMULATED AND CURRENT NEEDS IN THE NEXT 15 YEARS, AN ANNUAL EXPENDITURE OF $4.4 BILLION FOR ALL ROADS AND STREETS IS REQUIRED. THIS REPRESENTS AN INCREASE OF ABOUT $1.4 BILLION, OR 40 PERCENT, OVER FUNDS CURRENTLY AVAILABLE FROM ALL SOURCES. FEDERAL-AID SYSTEM INPROVEMENTS, PRIMARY, SECONDARY, AND URBAN, REQUIRE, ON A 15-YR. BASIS, A TOTAL FEDERAL-STATE PROGRAM OF $1,595 MILLION A YEAR AS AGAINST A CURRENT PROGRAM OF $825 MILLION TO $850 MILLION. EXPANSION OF FEDERAL-AID AUTHORIZATIONS CAN BE ANTICIPATED; BUT APPORTIONMENTS AMONG STATES AND MATCHING REQUIREMENTS NEED TO BE REVIEWED TO ASSURE UNIFORM NATION-WIDE DEVELOPMENT. THE VARYING ABILITY OF THE STATES TO MEET THE FINANCIAL REQUIREMENTS OF THE PORTIONS OF THE ROAD NETWORK IN WHICH THERE IS A FEDERAL INTEREST SHOULD BE TAKEN INTO ACCOUNT IN DESIGNING THE APPORTIONMENT AND MATCHING PROCEDURES. THIS OBJECTIVE COULD BE ACHIEVED BY REQUIRING A UNIFORM CONTRIBUTION PER MOTOR VEHICLE REGISTERED. WITH THE FEDERAL GOVERNMENT MAKING UP THE DIFFERENCE BETWEEN THE TOTAL REQUIREMENT AND THE STATE SHARE SO DETERMINED. THIS WOULD RESULT IN VARYING MATCHING RATIOS BUT A UNIFORM EFFORT BY ALL STATES. ON A NATION-WIDE BASIS THE FEDERAL SHARE WOULD REMAIN AT 50 PERCENT, OR AT SUCH VALUE AS THE CONGRESS WOULD STIPULATE. /AUTHOR/

  • Supplemental Notes:
    • Vol 29, pp 1-19, 3 FIG, TABS
  • Authors:
    • Jorgensen, R E
  • Publication Date: 1950

Media Info

  • Monograph Title: Proceedings of the Twenty-Ninth Annual Meeting of the Highway Research Board Held at Washington, D.C. December 13-16, 1949.
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00200465
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Jul 25 1971 12:00AM