ISSN:
1572-9435
Source:
Springer Online Journal Archives 1860-2000
Topics:
Architecture, Civil Engineering, Surveying
Notes:
Abstract The U.S. Department of Transportation (1974) recently completed a comprehensive study of mass transportation needs and methods for financing these needs. Using information from the 1974 National Transportation Study, the study determined the level of capital and operating funds that would be required to implement the 1972–90 long-range plans and 1972–80 short-range programs of the states and urbanized areas. It then analyzed various funding mechanisms at state and local levels for financing their portions of these plans and programs. It was found that urban areas, in general, not only plan to stabilize transit fares in the face of rising costs, but also intend to put $ 23.6 billion into capital investments through 1980 and an additional $ 34.6 billion through 1990. Of the total $ 58.2 billion in capital expenditures by 1990, 63% would be expended by the nine largest urbanized areas; 27.8% by the New York area alone. Rail transit and commuter railroad costs would account for 90% of the nine largest urbanized areas. States and localities would be able to carry the financial burden of mass transportation improvements, even if the proposed 1980 programs were implemented in their entirety, given current levels of Federal assistance. However, there would have to be a substantial financial commitment from the states and localities and some hard decisions made by them about public expenditure priorities, fare policies, and taxation levels, and policies to discourage automobile usage. This underscores the need for careful review of their overall plans and programs by state and local officials before making financial commitments.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00165250
