Innovative Financing of Highways: An Analysis of Proposals.
CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC
Pagination or Media Count:
The federal government provides about 20 billion a year in grants to states for high-ways about one-quarter of the total amount spent on roads each year by all levels of government. Most of the federal money is raised through taxes on motor fuels. States, in financing their road-building programs, also rely heavily on motor fuel taxes and on fees paid by highway users. But revenues from those user taxes and fees are insufficient to build as many new roadways as transportation officials would like. As a result, they have been exploring innovative ways of fmancing such projects. This study, which was prepared by the Congressional Budget Office CBO in response to a request by the Senate Committee on Environment and Public Works, reviews several approaches to auginent traditional sources of funding. The analysis covers changes in rules governing federal aid, state infrastructure banks, federal credit assistance, and private-sector financing of roads.
- Administration and Management
- Government and Political Science
- Civil Engineering