Future of Highways°Fiscal Constraints

by Srikanth Rao, Lect.; Coll. of Business Administration, The Pennsylvania State Univ., University Park, Pa.,
Theodore H. Poister, Asst. Prof.; Inst. of Public Administration, The Pennsylvania State Univ., University Park, Pa.,
Thomas D. Larson, (F.ASCE), Professor of Civil Engineer and Dir. of the Pennsylvania Transportation Inst.; The Pennsylvania State Univ., University Park Pa.; Chmn., Transportation Advisory Committee, Dept. of Transportation, Commonwealth of Pennsylvania,

Serial Information: Transportation Engineering Journal of ASCE, 1977, Vol. 103, Issue 3, Pg. 385-398

Document Type: Journal Paper

Abstract: Highways face an uncertain future with respect to fiscal resources. New investment strategies are appropriate to this climate of austerity with emphasis on optimal allocation of scarce resources rather than on needs identification. A fiscal planning process is described that facilitates program tradeoffs within various income scenarios. Application of the process in Pennsylvania is described. Recommendations that maintenance be funded more adequately, that new construction be severely constrained and funded out of current revenue, and that the Pennsylvania state highway system be reduced followed from this process.

Subject Headings: Highways and roads | Infrastructure construction | Resource management | Maintenance | Investments | Climates | Revenues | Pennsylvania | North America | United States

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