Master Transportation Plan Finance and Fiscal Forecast 3 Other Jurisdiction Funding for Transportation A review was conducted of transportation revenue sources for other jurisdictions to identify revenue streams and funding tools. The jurisdictions included the cities of Phoenix, Arizona; Austin, Texas; Columbus, Ohio; San Antonio, Texas; and Charlotte, North Carolina. An in-depth description of the review by sample city is contained in Appendix I of this memo. 3.1 Summary of Findings on Revenue Sources The following table outlines the primary trends and commonalities in transportation funding for each of the cities reviewed. The table highlights how the cities leverage a mix of local, regional, state, and federal sources, along with financing tools, to support both day-to-day operations and capital projects. The funding mechanisms range from dedicated taxes and user fees to competitive grants, formula allocations, and debt issuance. The City of Fort Worth applies comparable funding mechanisms such as bonds and PAYGO as the other jurisdictions, although Phoenix implements a voter-approved, dedicated, long-term transportation sales tax and receives a share of state gas tax for local use, both comprising a relatively large portion of the city’s transportation fund. The sampled cities in Texas (Austin and San Antonio) use Certificates of Obligation (COs) that do not require voter approval. Discretionary grant funding secured by the other cities also provides capital improvement revenues. Further, some loan programs such as a state infrastructure bank (SIB) for Columbus are available for developing transportation facilities and infrastructure.
Table 16: Trends in Transportation Funding Among Cities Reviewed Funding Source Funding Mechanism Funding Source/ Financial Tools
Trends and Commonalities
Local Revenue
Dedicated taxes, fees, and direct budget allocations Bond issuance and other debt instruments Formula allocations, competitive grants, and low- interest loans Competitive grants, formula programs, and
Sales taxes, property taxes, user fees, PAYGO
Local sources mostly provide baseline funding independent of state/federal cycles Mostly used for capital projects with long-term repayment Formula-based often supports maintenance rather than major projects
Local Debt Financing
GO bonds, COs, Certificates of Participation (COPs), revenue bonds Fuel tax distributions (Highway User Revenue), state grants, and loan programs Sample grant programs: RAISE (BUILD)*, Safe Streets for All (SS4A),
State Funding
Federal Funding
Mostly use for transformative projects but are competitive and often
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