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Title: FINANCIALLY CONSTRAINING WASHINGTON'S TRANSPORTATION PLAN
Accession Number: 00725614
Record Type: Component
Record URL: Availability: Find a library where document is available Abstract: The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) requires states and metropolitan planning organizations (MPOs) to develop long-range transportation plans. These plans must be financially realistic and be based on available revenues. In the past, states and MPOs have not forecast transportation revenues beyond 6 years. The ISTEA requirements prompt the need for new approaches to forecasting revenue. An approach adopted by Washington State in developing its financially constrained 20-year plan for state highways is presented. The methodology predicts a revenue stream based on no changes in revenue sources or levels (called "current law"). The methodology also forecasts a revenue stream assuming an historical pattern of transportation revenue increases. In Washington State, the current law forecast will fund about one-third of the 20-year needs on state highways. The historical trend forecast will fund about two-thirds of these needs.
Supplemental Notes: This paper appears in Transportation Research Record No. 1518, Transportation Planning Applications.
Monograph Title: Monograph Accession #: 01398721
Language: English
Authors: Ziegler, BrianMeale, EricPagination: p. 38-41
Publication Date: 1996
Serial: ISBN: 309062144
Features: Figures
(3)
TRT Terms: Geographic Terms: Old TRIS Terms: Subject Areas: Finance; Highways; Planning and Forecasting; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Sep 19 1996 12:00AM
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