An Analysis and Forecasting of Highway Revenues from Traditional and Potential Sources in Indiana

摘要

The current and imminent shortfall in highway revenue motivates efforts to improve the currentfunding mechanism and/or to search for alternative options. To establish and implement aneffective and efficient financing strategy, it is necessary to envisage the possible outcomes offinancing schemes in terms of their impacts on revenue stream and highway users and to assessthe sensitivity of those outcomes with respect to changes in external factors.This paper uses an enhanced highway revenue forecasting model to generate forecasts of futurerevenue streams for Indiana under various financing scenarios. The model was developed tomimic the highway financing system in Indiana and to predict future revenues from existingsources such as fuel taxes as well as from possible new sources such as ad valorem, VMT fees,weight-distance fees, congestion tolls and changes in existing fee structures.