Financing Transportation in California: Background PDF Download

Author: California Transportation Commission
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 54

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Book Description

Author: Jeremy G. March
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 536

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Book Description

Author: California Transportation Commission
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 46

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Book Description

Author: Arturo Ardila-Gomez
Publisher: World Bank Publications
ISBN: 1464807574
Category : Business & Economics
Languages : en
Pages : 111

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Book Description
Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."

Author: California. Highway Commission
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 114

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Book Description

Author:
Publisher: Transportation Research Board
ISBN: 0309167604
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
"As traditional sources of funding for the nation's surface transportation system fail to keep pace with demand, proposals for new sources have proliferated. New funding strategies, such as pricing the use of new and existing roads, and new institutional arrangements, such as public-private partnerships, have emerged over the past few years. As with all transportation policies, these strategies raise questions about equity. To address these concerns, the Transportation Research Board convened an expert committee to provide guidance to public officials about assessing the equity of evolving transportation finance mechanisms. The committee's findings are presented in this report. They are organized under the following chapter headings: (1) Equity and Transportation Finance; (2) How Transportation is Funded and Who Pays; (3) Equity Through Different Lenses; (4) Transportation Finance Equity: Evidence and Experience; (5) Equity and Decision Making: Experience with Road Pricing; and (6) Findings and Recommendations."--pub. desc.

Author: Commission on California State Government Organization and Economy
Publisher:
ISBN:
Category : Highway planning
Languages : en
Pages : 120

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Book Description

Author: Brian Deane Taylor
Publisher:
ISBN:
Category : Congestion pricing
Languages : en
Pages : 52

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Book Description
The objective of this research project was to conduct research on the merits, costs and application potential of various transportation pricing approaches, to better inform decision makers and the public about transportation financing/pricing option in California. The research emphasis will be on processes and techniques by which pricing can be made acceptable to public officials and lay citizens in California. Through rigorous analysis and the development of accessible resource materials, this work will support better public policymaking in California related to transportation finance, congestion management, and transportation pricing. The concept of "congestion pricing" has been the subject of lively intellectual debates in the field of transportation since 1920. Economic theory suggests that variable tolls can influence travel decisions so that roads are more efficiently utilized. While economists have vigorously promoted congestion tolls for years, wary politicians and interest groups, including automobile clubs and trucking associations, have usually coolly received congestion-pricing proposals. The situation has changed rapidly during the past decade, however, and roadway pricing is now seen by an increasing number of stakeholders as an important dimension of future transportation policy. There are several reasons for the recent shift in attitudes, including changes in circumstances facing transportation decision makers and fundamental changes in the nature of pricing proposals themselves.

Author: David M. Levinson
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 246

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Book Description
Argues the case for road tolls becoming the preferred means of financing roads.

Author: Shishir Mathur
Publisher: Routledge
ISBN: 1317116437
Category : Business & Economics
Languages : en
Pages : 190

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Book Description
With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.