01495240

Component

https://doi.org/10.3141/2345-02

http://scholar.google.com...ewis&publication_year=2013

The federal contribution to surface transportation funding has stagnated, and this situation is likely to continue or worsen as a result of continuing fiscal and political problems. The federal government remains the biggest single contributor to transportation capital investment on federal-aid projects, and stagnation or cuts will have a substantial impact on cities, states, and the entire country. Because of their own challenges with respect to raising revenue for transportation, federal grantees may not be able to replace lost federal funds. Therefore, new ways for the federal government to incentivize existing grantees to develop new sources of revenue must be considered. This issue was approached by first analyzing the existing programs the federal government had in place that were intended to leverage or permit additional revenue sources. These programs included the Transportation Investment Finance and Innovation Act (TIFIA), private activity bonds, grant anticipation revenue vehicles, tolling pilot programs, and discretionary grant programs. The analysis demonstrated that some of these programs, particularly TIFIA and the discretionary grant programs, leveraged substantial revenues, but they were all limited in their ability to leverage additional funding by a lack of incentives as well as regulatory barriers. Then implementation of these incentives and what types of revenue should be incentivized were explored. Options were examined from a political, national, and revenue-generating perspective to understand their relative trade-offs better.

01495047

13-4057

English

pp 9-16

2013

Transportation Research Record: Journal of the Transportation Research Board

9780309263412

Print

Figures; References; Tables

Bonds; Federal government; Government funding; Incentives; Revenues; State government; Tolls

Transportation Investment Finance and Innovation Act

Finance; Transportation (General); I10: Economics and Administration

TRIS, TRB, ATRI

Oct 9 2013 10:19AM

• Campaign for the 2012 Transportation Referendum in Atlanta, Georgia: A Region Divided
• Dynamic Road Pricing for Revenue Maximization: Modeling Framework and Solution Methodology
• Effects of Full-Facility Variable Tolling on Traveler Behavior: Evidence from a Panel Study of the SR-520 Corridor in Seattle, Washington
• Emerging Strategies in Mileage-Based User Fees: Reducing Costs and Increasing Public Acceptance
• Ex Post Facto Evaluation of Indiana’s Highway Investment Program: Lessons Learned
• General Framework for Evaluating Long-Term Leasing of Toll Roads: Case Study of Indiana I-90 Highway
• Implementing Marginal-Cost Vehicle Mileage Fees on the Maryland Statewide Road Network
• Less Money, Better Policy: Possible
• Managing Transportation Facilities in Design–Build–Finance–Operate Partnerships: Toll-Pricing Strategies
• Minnesota Task Force for Mileage-Based User Fee Policy
• Positive Model of Departure Time Choice Under Road Pricing and Uncertainty
• Transportation Infrastructure, Industrial Productivity, and Return on Investment: Spatial Spillover Approach
• Traveler Response to Coexisting Multiple Pricing Schemes: Results of Elaborated Mixture-Amount Experiment
• Vehicle Miles Traveled Fee System in Nevada: Public Perceptions and Preferences