Kentucky faces several challenges in meeting the funding needs for its transportation infrastructure. The state currently relies on a revenue stream based on road user taxes and fees. However, the structure of these taxes and fees are such that revenues have not kept up with the growth in the number of licensed drivers and motor vehicle travel. In addition, inflationary pressures, coupled with the Road Fund's low growth rate, have diminished the purchasing power of Road Fund revenues. It is increasingly clear than Kentucky will not be fiscally capable of meeting its transportation investment needs if steps are not taken to address current revenue trends. Traditional financing mechanisms have not proven adequate to meet the state's current transportation needs. Knowing the options available to enhance current revenues can assist policymakers in making critical policy decisions needed to ensure continuing adequacy of funds to meet the demands of the state's transportation system. Because of the myriad of transportation funding options available to states, knowledge of the options and an understanding of how these options can be used for efficient transportation financing is a complex undertaking. This study was designed to provide such desired information.


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    Titel :

    Enhancing Kentucky's Transportation Funding Capacity: A Review of Six Innovative Financing Options


    Beteiligte:
    M. Hackbart (Autor:in) / J. E. Yusuf (Autor:in) / M. J. Moody (Autor:in) / C. Y. Wallace (Autor:in)

    Erscheinungsdatum :

    2005


    Format / Umfang :

    86 pages


    Medientyp :

    Report


    Format :

    Keine Angabe


    Sprache :

    Englisch






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