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Title: REGIONAL TRANSPORTATION FINANCING: THE SOUTHWESTERN PENNSYLVANIA INITIATIVE
Accession Number: 00627185
Record Type: Component
Availability: Find a library where document is available Abstract: Transportation planning is the primary objective of the Southwestern Pennsylvania Regional Planning Commission's (SPRPC) program. During its 29 years as the Metropolitan Planning Organization (MPO) for southwestern Pennsylvania, the commission has documented the region's transportation needs and available resources. Most recently, SPRPC accounted for $10.5-bil in highway, bridge, and transit needs and $4-bil in anticipated funds. In 1990, SPRPC's Transportation Strategy Policy Committee convened a working group to examine transportation financing options. This group's recommendation was deliberated by regional leaders at SPRPC's Fall Policy Conference in November 1990, and resulted in SPRPC's Regional Transportation Finance Initiative. The initiative proposes a multicounty Regional Transportation Finance Authority that would have the principle responsibility of allocating revenues from new, local-option taxes to a specific set of transportation improvements. The authority would work with SPRPC to produce a comprehensive regional transportation and development plan. The plan would identify and rank transportation improvements such as highways, transit, and any other types of improvements that are critical to regional development. After the priority transportation projects are identified, a package of taxes would be proposed for funding. The recommended local option taxes include gas, ad-valorem vehicle, and sales taxes. These taxes would be levied by the participating counties. A mixture of taxes is being proposed so no single tax is inordinately high, and so both user fees, which are perceived as fair, and broad-based taxes can be included.
Supplemental Notes: This paper appears in Transportation Research Record No. 1359, Economics, Finance, and Administration. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Pollock, RParkins, LPagination: p. 36-42
Publication Date: 1992
Serial: ISBN: 030905222X
Features: Tables
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TRT Terms: Uncontrolled Terms: Geographic Terms: Subject Areas: Finance; Transportation (General); I10: Economics and Administration
Files: TRIS, TRB, ATRI
Created Date: Mar 31 1993 12:00AM
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