Adequacy of future road funding
Tom Stinson, Associate Professor, Applied Economics
Project Summary:Future economic growth and vehicle trends will affect the size and mix of state road tax revenues over the next 25 years. This study examined the adequacy of the state motor fuels tax, vehicle registration tax, and vehicle sales tax to fund road system needs. Using current law as the baseline, the report assessed whether revenues will meet cost projections of state needs. Relying on four economic growth scenarios and a set of vehicle and fuel use assumptions, the analysis generated a range of fiscal outcomes for the three major road taxes. These estimates illustrate how future trends and past decisions can promote or retard sustainable policy development.
- Start date: 11/2003
- Project Status: Completed
- Research Area: Planning and Economy
- Topics: Economics