Innovative Financing of Highways

Download or read book Innovative Financing of Highways written by and published by Congressional Budget Office. This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal government provides about $20 billion a year in grants to states for highways; most of the 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 these revenues are insufficient. This study reviews several approaches to augment traditional sources of funding for highways. The analysis covers changes in rules governing federal aid, state infrastructure banks, federal credit assistance, and private-sector financing of roads. Charts and tables.