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44 T R A N S P O RTAT I O N F I N A N C E that the toll or fee must be structured in alignment with policy objectives, such as shifting payment to future the project's value. generations and value pricing. Use of innovative finance also forces a longer-term orientation and greater transparency. Discussion There also was some discussion about the level of program that is reasonable to borrow for and recogni- Hank Dittmar tion that there is no standard to follow. States need help figuring out the right balance of debt and pay-as- During the discussion period, there was some focus on you-go funding and in doing a better job of forecasting the fact that financing tools can be used to achieve both future revenues and future demands for funding.