SPECIAL ASSESSMENT FINANCING OF MAJOR HIGHWAY IMPROVEMENTS

SPECIAL ASSESSMENTS ARE AN ACCEPTED, ESTABLISHED, AND LEGAL METHOD OF OBTAINING FUNDS FOR PUBLIC IMPROVEMENTS. THE QUESTIONS ARISE AS TO THE PLACE OF SPECIAL ASSESSMENTS IN PLANS FOR THE FINANCING OF MODERN HIGHWAYS - WHEN AND FOR WHAT PURPOSES THEY SHOULD BE USED, AND HOW THEY SHOULD BE LEVIED. THIS METHOD CAN BE USED WHEN THE IMPROVEMENT TO BE FINANCED CREATES BENEFITS ENHANCING THE VALUE OF SPECIFIC PROPERTIES, WHEN THESE BENEFITS ARE DEFINITELY MEASURABLE AND CAN BE ALLOCATED TO THE SPECIFIC PROPERTIES, AND WHEN THE PROCEEDS OF THE ASSESSMENTS ARE WHOLLY APPLIED TO CONSTRUCTION COSTS. IT CAN BE USED FOR ALMOST ANY TYPE OF FACILITY. THE HOW OF LEVYING SPECIAL ASSESSMENTS INVOLVES MANY ALTERNATIVES. THE FINANCING MAY BE FROM CERTIFICATES IMPOSING A LIABILITY ONLY ON EACH TRACTOR PARCEL INVOLVED, OR IT MAY BE GUARANTEED BY THE FULL FAITH AND CREDIT OF THE GOVERNMENTS CONCERNED. IF THE FORMER, EXCESSIVE COSTS OF FINANCING MAY BE INCURRED, IF THE LATTER, THE FINANCING IS LIKELY TO BE SOUND AND ECONOMICAL. SPECIAL ASSESSMENTS, SOUNDLY USED, ARE FEASIBLE AND SHOULD BE EMPLOYED TO MEET THE COSTS OF MODERN HIGHWAY DEVELOPMENT.

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 63-75
  • Monograph Title: Highway financing
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00200900
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Jul 8 1994 12:00AM