September 10, 2012Victoria Transport Policy Institute
This paper describes the results of a study that identified and evaluated potential local funding options to help finance public transit improvements. It evaluates seventeen options according to eight criteria. This is a somewhat larger set of funding options and more detailed and systematic evaluation process than most previous studies of this type. This research discovered no new options that are particularly cost effective and easy to implement; each option has disadvantages and constraints. As a result, the overall conclusion of this study is that a variety of funding options should be used to help finance the local share of public transit improvements to insure stability and distribute costs broadly.