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Conference Proceedings 33: Transportation Finance: Meeting the Funding Challenge Today, Shaping Policies for Tomorrow (2005)
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Transportation Research Board. "ARTBA'S PERSPECTIVE." Conference Proceedings 33: Transportation Finance: Meeting the Funding Challenge Today, Shaping Policies for Tomorrow. Washington, DC: The National Academies Press, 2005.

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Transportation Finance Meeting the Funding Challenge Today, Shaping Policies for Tomorrow (1-1)
TRANSPORTATION RESEARCH BOARD 2005 EXECUTIVE COMMITTEE* (2-6)
CONFERENCE PROGRAM (7-7)
ACKNOWLEDGMENTS (8-8)
Contents (9-12)
COMMON THEMES AND KEY OBSERVATIONS (13-13)
Underlying Framework and Trends (14-14)
Legislative (15-15)
RECOMMENDATIONS REGARDING FUTURE RESEARCH (16-16)
ASSESSMENT OF THE CONFERENCE AND RECOMMENDATIONS FOR FUTURE EVENTS (17-18)
PRECONFERENCE WORKSHOPS (19-19)
Track 3: Structures, Institutions, and Partnerships to Deliver More Projects Faster and Cheaper (20-20)
Track 4: New Transportation Initiatives and Demands on Financing (21-22)
General Sessions (23-24)
WELCOME AND CHARGE (25-25)
Track 2: Tools and Techniques to Deliver More Projects Faster (26-26)
Track 4: New Transportation Initiatives and Demands on Financing (27-27)
LUNCHEON SESSION Transportation Challenges to the Nation (28-29)
TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER (30-30)
TRACK 4: NEW TRANSPORTATION INITIATIVES AND DEMANDS ON FINANCING (31-31)
LEVERAGING FEDERAL FUNDING (32-32)
COMMENTS (33-33)
TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER (34-34)
TRACK 4: NEW TRANSPORTATION INITIATIVES AND DEMANDS ON FINANCING (35-35)
GENERAL SESSION 4 Transportation Finance in the Context of Reauthorization and Beyond Administration's Perspective (36-36)
REAUTHORIZATION AND FINANCING (37-37)
OPEN DISCUSSION (38-38)
ARTBA'S PERSPECTIVE (39-39)
FOCUSING ON THE SYSTEM (40-40)
Track Reports (41-42)
What Could Be: Looking Ahead to Alternative Fuels, Taxes, and Other Revenue Sources (43-43)
Considering Transportation Finance Approaches Used by Other Governments (44-44)
SESSION 2: EXAMINING CURRENT AND POTENTIAL USE OF TAX INCENTIVES IN PROMOTING SURFACE TRANSPORTATION INVESTMENT (45-45)
Tax Credit Bonds to Finance Infrastructure: Theory and Practice (46-46)
Discussion (47-47)
Making Room for Maintenance: The Intelligent Renewal of Our Existing Transportation System (48-48)
Opportunities for Value Capture and Value Pricing (49-49)
Discussion (50-50)
Integrating Innovate Financing into the Transportation Planning Process (51-51)
SESSION 2: INNOVATIVE FINANCING TO ADVANCE STATE AND LOCAL TRANSPORTATION PROGRAMS AND PROJECTS (52-52)
Discussion (53-53)
Freight Infrastructure Bank Proposal (54-54)
Communicating Innovative Finance to the Public (55-55)
Discussion (56-56)
Setting the Stage: Public-Sector Perspective on Roles and Risk Sharing (57-57)
Las Vegas Monorail (58-58)
Virginia's Privatization Initiative: Outcome-Based Highway Asset Management (59-59)
New Mexico (60-60)
Discussion (61-61)
Financing Intermodal Connections: Bringing Down the Funding Silos for the I-95 Rail Study (62-62)
Short-Line Rail: Private Investments in the Marine Transportation System (63-63)
Discussion (64-64)
Discussion (65-66)
TRACK 1 (67-67)
TRACK 4 (68-70)
Resource Papers (71-72)
WHAT SHOULD BE THE GOAL OF REAUTHORIZATION? (73-73)
HAS TEA-21 MET THE GOALS OF MAINTAINING SYSTEM CONDITION AND PERFORMANCE AND IMPROVING SAFETY? (74-74)
WHAT FUNDING LEVEL WILL REAUTHORIZATION NEED TO ESTABLISH TO MAINTAIN CONDITION AND PERFORMANCE? (75-75)
Enhancements to the Fuel Excise Tax (76-76)
Tax Credit Bonds (77-77)
Tolling (78-79)
CONCLUSION (80-80)
INNOVATIVE FINANCE FRAMEWORK (81-81)
IMPEDIMENTS TO PROJECT DELIVERY (82-82)
ENVIRONMENTAL CLEARANCE AND STATUTORY REQUIREMENTS (83-83)
POLITICAL AND INSTITUTIONAL FACTORS (84-85)
EXPEDITING PROJECT DELIVERY: A CHALLENGE TO THE TRANSPORTATION FINANCE COMMUNITY (86-86)
What Is This Strategy Intended to Accomplish? (87-87)
What Is This Strategy Intended to Accomplish? (88-88)
Where Is This Strategy Leading Us? (89-89)
State Departments of Transportation Caught in the Middle (90-90)
Local Resistance to Innovative Finance Initiatives (91-91)
BACKGROUND (92-92)
TECHNOLOGY (93-94)
IMPLICATIONS (95-96)
Acronyms (97-97)
Conference Steering Committee Member Biographies (98-103)
Participants (104-111)

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GENERAL SESSION 4 Transportation Finance in the Context of Reauthorization and Beyond Roundtable of Transportation Professionals William D. Ankner, Rhode Island Department of Transportation Phyllis Scheinberg, U.S. Department of Transportation Jacky Grimshaw, Surface Transportation Policy Project Steering Committee Michael Martin, American Road and Transportation Builders Association Janet Friedl, American Association of State Highway and Transportation Officials Judith Espinosa, Alliance for Transportation Research Institute, University of New Mexico Dennis G. Houlihan, American Federation of State, County, and Municipal Employees W illiam D. Ankner moderated the final round- funding. As discussed throughout the conference, table, transportation professionals from a Scheinberg stressed the important role of a potential range of organizations and interests. The commission to focus on this issue. She also underscored focus of this final panel was on looking ahead: What the importance of projecting an intermodal focus and of is on the horizon beyond reauthorization? What major getting around the modal stovepipes. items face transportation finance professionals and policy makers? What can we do now to get ready? Panel participants included A PUBLIC TRUST · Phyllis Scheinberg, U.S. Department of Trans- Jacky Grimshaw portation; · Jacky Grimshaw, Surface Transportation Policy Grimshaw stressed the fact that transportation agencies Project Steering Committee; are operating in silos today and not working as part of · Michael Martin, American Road and Transporta- a broader social agent or steward of the community. tion Builders Association (ARTBA); She described the provision of transportation services as · Janet Friedl, American Association of State Highway a vital public trust and a means to a better quality of and Transportation Officials (AASHTO); life, not an end in and of itself. · Judith Espinosa, Alliance for Transportation Research Institute, University of New Mexico; and · Dennis G. Houlihan, American Federation of State, ARTBA'S PERSPECTIVE County, and Municipal Employees (AFSCME). Michael Martin FUNDING FUTURE PROJECTS Martin offered ARTBA's perspective with three obser- vations: Phyllis Scheinberg 1. ARTBA's consensus is that needs outstrip Scheinberg focused on the need to start now to think resources--although the exact extent of the gap is in about how to fund projects in the future and noted that question, the existence of the gap is not; the viability end of the Highway Trust Fund as the sole 2. There may be too much focus on innovative solution has almost ended. She emphasized the need to finance, which risks neglecting focus on the core program; start thinking seriously about alternative sources of and 27