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Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102980431
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
In this report the National Audit Office identifies issues and risks which may arise as the Department for Transport devolves more control over funding and delivery of transport services to local bodies. The Department has recently announced proposals to devolve funding for major transport schemes to new local transport bodies and is also consulting on devolving bus funding and some responsibilities for rail services to local authorities. The spending watchdog is calling on the Department to clarify its approach as it implements these changes and moves into the new ways of working. This includes being clearer on who is accountable for local transport funding and how they will be held to account. The Department has already said it will assess whether local transport bodies have appropriate systems and processes in place. But it should clarify how it will check that these devolved arrangements continue to meet its standards and what action it will take if standards are not met. In the context of increasing pressure on local budgets, the Department should clarify how local transport data can be better used to judge value for money and to compare performance between local areas. It also needs to identify areas and activities most at risk of a drop in performance and clarify under what circumstances it would expect to intervene.
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102980431
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
In this report the National Audit Office identifies issues and risks which may arise as the Department for Transport devolves more control over funding and delivery of transport services to local bodies. The Department has recently announced proposals to devolve funding for major transport schemes to new local transport bodies and is also consulting on devolving bus funding and some responsibilities for rail services to local authorities. The spending watchdog is calling on the Department to clarify its approach as it implements these changes and moves into the new ways of working. This includes being clearer on who is accountable for local transport funding and how they will be held to account. The Department has already said it will assess whether local transport bodies have appropriate systems and processes in place. But it should clarify how it will check that these devolved arrangements continue to meet its standards and what action it will take if standards are not met. In the context of increasing pressure on local budgets, the Department should clarify how local transport data can be better used to judge value for money and to compare performance between local areas. It also needs to identify areas and activities most at risk of a drop in performance and clarify under what circumstances it would expect to intervene.
Author:
Publisher: Transportation Research Board
ISBN: 0309117712
Category : Local transit
Languages : en
Pages : 81
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Book Description
"TRB's Transit Cooperative Research Program (TCRP) Report 129: Local and Regional Funding Mechanisms for Public Transportation explores a series of transit funding mechanisms with a primary focus on traditional tax- and fee-based funding; and common business, activity, and related funding sources. The report includes an online regional funding database that provides an extensive list of funding sources that are in use or have the prospect of being used at the local and regional level to support public transportation. A user manual for the database is also available online"--Publisher's description.
Author: A. Binsted
Publisher:
ISBN: 9781846087127
Category : Infrastructure
Languages : en
Pages : 109
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Book Description
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309431077
Category : Transportation
Languages : en
Pages : 37
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Book Description
TRB’s National Cooperative Highway Research Program (NCHRP) Web-Only Document 188: Survey of State Funding for Public Transportationâ€"Ways to Improve It includes suggestions on ways to potentially improve the Survey of State Funding for Public Transportation. Areas covered by the report include definition of major terms, post-submission data checks, improved accessibility, non-transit related ferry funding, and overall data collection. The Survey of State Funding for Public Transportation report, which is prepared under the auspices of the American Association of State Highway and Transportation Officials (AASHTO) and the American Public Transit Association, includes information on state-level public transportation funding, the source of funds, the potential use of funds, and the method of funding distribution for each transit program.
Author: George M. Guess
Publisher: Central European University Press
ISBN:
Category : Transportation
Languages : en
Pages : 444
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Book Description
"This book compares the institutions and regulatory contexts in which transit systems operate, the operations and management problems with which they must contend, and the policy options and solutions which they have implemented."--BOOK JACKET.
Author: Arturo Ardila-Gomez
Publisher: World Bank Publications
ISBN: 1464807574
Category : Business & Economics
Languages : en
Pages : 111
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Book Description
Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."
Author: Shishir Mathur
Publisher: Routledge
ISBN: 1317116437
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.
Author: A. Binsted
Publisher:
ISBN: 9781846087141
Category : Infrastructure (Economics)
Languages : en
Pages : 19
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Book Description
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215053275
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
The Department for Transport works with local partners to deliver many of its policies. Local authorities play a key role in planning and commissioning transport services, such as bus and light rail, and providing and maintaining roads and other local infrastructure. They spent a total of £8.5 billion on transport in 2010-11. The Department provided around a quarter of this (£2.2 billion), with the rest raised locally from council tax, from the £411 million surplus raised from parking levies, or from the Department for Communities and Local Government formula grant. In 2011-12 the Department provided £1.2 billion to local authorities for highways maintenance and small transport projects in the form of two un-ringfenced formula-based grants. The Department does not monitor how un-ringfenced grants are spent and there is insufficient information to determine the impact of the Department's contribution on local authorities' spending decisions and therefore to achieving the Department's objectives. The Department plans to devolve more control over its funding to the local level (raising the proportion of resources which are not ringfenced portion from 60% to around 80%); and new local transport bodies will take on some decision-making responsibilities previously held centrally. Full details of how the new system will work are still to be determined and there is uncertainty over how the arrangements will work in practice.
Author: Marcus Enoch
Publisher: Routledge
ISBN: 1134338341
Category : Architecture
Languages : en
Pages : 223
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Book Description
Transport policy is an increasingly difficult area for all national governments and regional/local authorities. Tackling car use and realising a sustainable transport system appears to be very difficult. Developing public transport is seen as an increasingly important element in improving the transport system, especially in densely populated areas. At the same time however, governments are under increasing pressure to cut taxation. As a result there is a growing gap between increasing policy need for public transport and government resources to fund that need. This timely book explores one solution to this dilemma, which is the use of local charges and taxes dedicated to support public transport. Unfare Solutions examines how and why such charges have evolved and how they do (or do not) relate to modern transport policy developments and theory. It shows innovative funding techniques developed by both public transport providers and federal and local authorities.
