With the end of SAFTEA-LU in sight and the federal and state gas taxes becoming more marginalized through inflation, transportation and public transit must look for innovative, feasible and long-term finance solutions.
The symposium:“Transportation Finance: Tough Choices Down the Road” was sponsored by the Mineta Transportation Institute and co-sponsored by the California Business Roundtable. Numerous policy makers, transit executives, and transportation policy experts and researchers were invited to participate in an open forum.
Topics of discussion included: SAFTEA-LU, gas tax marginalization, public receptiveness to new taxes and the likelihood of private-public partnerships. With sources of funds dwindling, either through inflation or a lack of public financing, public transportation, aviation, and transit-related infrastructure must find stable, reliable funds for maintenance and expansion. Some possible solutions involve implementing new taxes, ending taxation of bonds, and possible engagement in partnerships with private companies interested in investing, leasing or operating public roads, airports or other transportation systems.