January 09, 2013Victoria Transport Policy Institute
This paper summarizes research concerning potential local public transport funding options. It evaluates eighteen options according to eight criteria, including potential revenue, predictability and sustainability, horizontal and vertical equity, travel impacts, strategic planning objectives, public acceptance and ease of implementation. 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.