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Innovative transportation finance : value capture techniques applied in the state of TexasTooley, Shaun E. 04 January 2011 (has links)
Transportation finance has been historically dominated by assessing taxes to
transportation users and taxes on the general public. Innovative financing mechanisms
such as tax increment financing, special assessment districts, and others represent value
capture techniques that tax property owners to pay for transportation costs. Value capture
techniques provide supplemental funds to support capital construction costs but are not
substitutes for existing dedicated and traditional tax revenue methods. The major
findings of Texas practice indicate that tax increment financing for transit does not
significantly contribute towards the transit infrastructure. Instead tax increment funds
finance the improvement of public infrastructure surrounding transit stations and stops
and can be labeled transit-supportive investments. / text
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