You are here: Centers & Labs Jim Self Center on the Future Research Public Finance Transportation Finance

Transportation Finance

Transportation Finance

These three reports address the issue of funding South Carolina’s transportation infrastructure needs. The first report, completed in 2001, summarized responses from 1,000 households to a survey on transportation issues and funding alternatives. The 2002 report summarized trends in state revenues used for highways from 1965 to 2000. The third and final report from 2003 examined current and alternative funding options and their potential for meeting South Carolina's projected $56.9 billion in transportation infrastructure needs through 2022.


Transportation Funding Series Special Report No. 3

The third and final report in the series examined current and alternative funding options and the potential of these options to meet South Carolina's projected transportation infrastructure needs. A series of six scenarios were evaluated to determine the potential of meeting the $56.9 billion target of the South Carolina Multimodal Transportation Plan over the period from 2003 to 2022. The baseline scenario based on current funding sources at current rates projected a revenue stream of $26.3 billion over 20 years, leaving a $30.6 billion shortfall. Funding alternatives considered included two increased federal funding scenarios, supplemental funding sources, and initial rate increases in state fuel taxes and vehicle registration fees combined with inflation indexing.

Transportation Funding Options for the State of South Carolina 2003-2022, by James B. London, Ellen W. Saltzman, and John C. Skinner et al.


Funding Series Special Report No. 2

The second report in the series summarized trends in state revenues used for highways from the Federal Highway Administration's annual publication Highway Statistics, and other sources. It also provided rankings of the states by the percentage of own-source state revenue in 2000 that came from individual revenue sources such as motor fuel taxes, motor vehicle registration and carrier fees, and state general funds. Detailed revenue and expenditure trends for South Carolina and all states combined were compiled for every five years between 1965 and 2000. These statistics were presented on the basis of total dollars, percentage share of total, dollars per capita, dollars per million vehicle miles traveled, and dollars per state-maintained road mile. Additional statistics were presented for the southeastern states for the year 2000.

Transportation Funding Trends and Comparative State Assessment, by James B. London, Ellen W. Saltzman, and H. Günsel Günaydin et al.

Minor text and numeric corrections were posted 2/3/03 for pages 41, 42, 48, and 65 and Tables S.2, 4.2, 4.5, 4.7, and 4.9. Table S.3 corrected 3/18/03.


Transportation Funding Series Special Report No. 1


The first report in the series summarized responses from 1,000 households in South Carolina to a survey on transportation issues and funding alternatives. The survey was designed to help identify the relative importance of key transportation issues in different areas of the state and to determine respondents' level of acceptance of alternative strategies for funding transportation infrastructure. Transportation issues rated include safety, road maintenance, congestion, and appearance. Transportation funding alternatives rated included impact fees, state general funds, tolls, state loan pools, sales taxes, income taxes, fuel taxes, and property taxes. Respondents were also asked to rate which transportation programs should receive more, less, or about the same level of funding.

Transportation Needs and Funding Alternatives: A Survey, by James B. London, Jason M. Peek, and Ellen W. Saltzman et al.