Somerville Transportation Equity Partnership (STEP)

January 15, 2012

Blue Ribbon Summit on transportation financing

With all the coverage of MBTA financing recently, we wanted to point out excellent material that came out of a summit at Northeastern University in 2010. There are some good ideas in here about T financing. For each of the most commonly discussed options, it includes the current Massachusetts policy, how it is used in other states, its advantages and disadvantages, and a financial analysis. The options are:

  • Increasing the gasoline tax
  • Vehicle Miles Traveled (VMT) Tax
  • Increasing local funding for transit
  • Parking fees and taxes
  • Cross-subsidies for transit
  • Leveraging private investment
  • MBTA debt relief
  • MBTA operational efficiencies
  • Increasing fare revenue

Read more about the effort or download the summary and framework reports.