Identifying Potential Funding Sources
Identification of additional local sources of revenue to construct or implement projects and programs that address identified deficiencies is typically necessary given the likelihood that projected revenue will be limited. Additional local revenue sources will vary according to local politics, the jurisdiction’s ability to incorporate special financing programs, and local support for new funding programs (i.e. taxes and fees).
Could
A matrix of potential new revenue sources could be investigated and will likely include sources in the following categories:
- All Roads Transportation Safety
- Developing or increasing transportation system development charges
- Local improvement districts and urban renewal districts
- Urban renewal areas
- General obligation bonds
- Local fuel taxes
- Street utility fees
- Miscellaneous fees such as parking fees or vehicle registration fees
- Hotel/motel taxes
- Dedicated property taxes
- Income, payroll, or employer taxes
- Traffic violation revenue
- Developer dedications of right-of-way and conditional street/intersection improvements
- Grant opportunities including dates, cycles, required match, readiness of projects, etc.
- State funding options
- State Transportation Infrastructure Bank
- Highway Trust Fund
- Connect Oregon
- Oregon Parks/Rec Local Grants
- Mode-specific funds administered by ODOT
- All Roads Transportation Safety
- Federal resources
ODOT’s Transportation and Growth Management program has put together a resource with additional information about each of these funding sources:
Funding Walking & Biking Improvements.
As with any new potential revenue source (particularly new fees), it will be important to consider their adoption concurrently with TSP development.
Resources
Funding Sources