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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