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Study

Funding Options

By Dr. John C. Taylor, published on April 1, 1995

The $485.2 million can be raised from a number of potential sources. These sources include an annual appropriation from general funds, bonding, private toll roads, developer fees, increases in truck registration and fuel taxes, and increases in auto registration and fuel taxes. Each of these taxes has advantages and disadvantages which are briefly considered in the following sections.

SKU: S1995-04
Roads cover

Fixing the Roads: A Blueprint for Michigan Transportation Infrastructure Policy

  • Executive Summary
  • Introduction
  • Michigan's Transportation Infrastructure System
  • The Trucking Industry, Truck Taxes, and Costs
  • Highway Infrastructure Needs
  • Diversions of Funds
  • The Cost of Highway Consctruction Projects
  • Net Investment Needs and Financing Options
    • State and Local System Needs
    • Funding Options
      • General Fund Appropriation
      • Public Bonding and Tolls
      • Private Roads and Tolls
      • Developer Fees
      • Truck Registration and Fuel Taxes
      • Auto Registration and Fuel Taxes
  • A Funding Approach for Those who Believe The Benefits Outweigh The Costs
  • Conclusions
  • Endnotes

More by Dr. John C. Taylor

Taking a Toll
Road Funding: Time for a Change

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