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Critical Issues in Transportation for 2024 and Beyond (2024) / Chapter Skim
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Funding and Finance
Pages 40-43

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 40...
... $5,000 $4,000 $3,000 $2,000 $1,000 $0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Highways Public Aviation, Private Transport and Streets Transit, Water and Warehousing FIGURE 16 Net government and private capital stock (infrastructure and structures, billions of current dollars)
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From page 41...
... , private transportation companies do not appear to have been constrained in their ability to reinvest in infrastructure and buildings. Government investment in transportation infrastructure for airports, transit, and waterways has grown faster than GDP since 2000, which may be due to airport expansions and new rail transit lines.173,174 Although 41 | critical issues in transportation for 2024 and beyond
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From page 42...
... Congressional changes to aviation user fees since the early 1990s have included a decline in the ticket tax paid by commercial aviation users from 10 percent to 7.5 percent, combined with increases to a variety of specific fees for targeted uses.179 Rather than increase user fees to fund capital investment for state highway programs, urban transit, and aviation, since 2010 Congress has increasingly relied on general funds derived from all taxes. The IIJA, which also draws heavily on the General Fund of the Government, will significantly boost federal funding through 2030.
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From page 43...
... Other than highway access, the main use of federal funding for coastal ports is for maintaining and deepening harbors and waterways. These ports vary widely in terms of public or private ownership and operation and depend on user fees and some state and local tax revenues for their operational costs.
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Key Terms

  • user fees
  • capital investments
  • federal highway
  • motor fuel
  • transportation infrastructure

  • private transportation
  • government investment
  • airport improvement
  • capital stock
  • fuel efficiency

  • taxes paid
  • highway user
  • state highway
  • interstate highway
  • local tax

  • tax revenues
  • trust fund
  • fixed assets
  • current dollars
  • air traffic

  • federal aviation
  • federal airport
  • federal transportation
  • improvement program
  • capital expenses

  • increasingly relied
  • capital investment
  • airport funding
  • largest transit
  • highway access


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