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STATE FUNDING PROFILES

Martin H. Kuhlman

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Abstract

State funding for public and community transportation plays an increasingly important role in the growth and vitality of the industry. As federal funds for transit have grown through TEA-21, so, too, has the need for local matching funds. Many states have developed innovative funding mechanisms for their transit programs, for example sales and property tax revenues, while some still suffer under the antiquated rules of allowable gas tax expenditures. The article provides profiling both the traditional and expanded definitions of state transit finding.

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What this paper is about

State funding for public and community transportation plays an increasingly important role in the growth and vitality of the industry. As federal funds for transit have grown through TEA-21, so, too, has the need for local matching funds. Many states have developed innovative funding mechanisms for their transit programs, for example sales and property tax revenues, while some still suffer under the antiquated rules of allowable gas tax expenditures. The article provides profiling both the traditional and expanded definitions of state transit finding.

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Available abstract

State funding for public and community transportation plays an increasingly important role in the growth and vitality of the industry. As federal funds for transit have grown through TEA-21, so, too, has the need for local matching funds. Many states have developed innovative funding mechanisms for their transit programs, for example sales and property tax revenues, while some still suffer under the antiquated rules of allowable gas tax expenditures. The article provides profiling both the traditional and expanded definitions of state transit finding.

Key concepts: Revenue, Business, State (computer science), Tax revenue, Public transport, Vitality, Property tax, Finance

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