The Desirability and Feasibility of Alternative Means of Financing Transportation in Virginia

Report No: 79-R25

Published in 1978

About the report:

The report was prepared in response to a request by the Legislature of Virginia, through Senate Joint Resolution 76, that a study be conducted on the desirability and feasibility of using alternative methods of financing not presently available to support improvements in transportation facilities in Virginia. The report showed that, under reasonable expectations, the purchasing power of monies to be available from the major sources of revenue for the state's transportation system during the period 1979 to 1985 would lag far behind the purchasing power of monies available in fiscal year 1977. It discussed the feasibility of making changes in the tax structure on gas (motor fuel), registration fees, the sales and use tax, and the road tax, and the revenues that the changes could be expected to produce. Also, it discussed local option sales taxes on gasoline and their potential for generating revenue, bond financing alternatives, and congestion pricing.

Disclaimer Statement:The contents of this report reflect the views of the author(s), who is responsible for the facts and the accuracy of the data presented herein. The contents do not necessarily reflect the official views or policies of the Virginia Department of Transportation, the Commonwealth Transportation Board, or the Federal Highway Administration. This report does not constitute a standard, specification, or regulation. Any inclusion of manufacturer names, trade names, or trademarks is for identification purposes only and is not to be considered an endorsement.

Authors

Other Authors

Gary R. Allen, Ph.D.

Last updated: January 26, 2024

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