Commission on Innovative Finance

The Commission on Innovative Finance met on Monday, March 31, 2008 at 30 Kimball Avenue in South Burlington. Notes from the meeting shall be posted here soon.

The charge of the Commission on Innovative Finance is to provide a set of recommendations regarding viable innovative finance strategies to advance the regions' transportation needs, including all modes as well as the necessary connections with our land use, economic, environmental and quality of life needs. Initiated with a workshop in June 2007, the Summary Report covers the activities of the committee participants and information.

Outlined below is the subcommittee structure and their relevant documents within the area of innovative finance. If you have any further questions, or feel there are any missing pieces to this resource let us know.

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Funding Options Work Group

The charge of this group is to Identify methods and opportunities for increasing the type and amount of methods available in Chittenden County and Vermont for funding needed transportation improvements across all modes.

Overview of Innovative Transportation Finance Options ~ Oct 2007 Transportation Funding Discussion AASHTO Planning Committee ~ Peer Exchange Series on State & Metropolitan Transportation Planning Issues FHWA Tolling ~ Current Toll Road Activity in the U.S.: A Survey and Analysis AASHTO at TRB Annual Meeting ~ Session 222: Long-Term Funding Options USDOT - FHWA Innovative Finance Primer

Flexible Standards & Project Delivery Work Group

The charge of this group is to re-examine Vermont’s current standards for transportation project design, engineering, and construction to identify options for applying them in proportion to the nature and needs
of different types of projects. Further, examine Vermont’s laws, regulations and policies to enable the use of expeditious mechanisms for transportation project delivery, such as public-private partnerships and design-build contracts

Flexible Standards in Transportation Project Development ~ Oct 2007 Innovations in Transportation Project Delivery Methods ~ Oct 2007 FHWA Public Private Partnerships FHWA Public Private Partnerships ~ Extract from the Nat'l Finance Summit

Intergovernmental Roles & Relationships Work Group

Assess the appropriateness of current roles & relationships of the state, regional entities & municipalities in the planning, delivery & management of transportation projects. They also pursue promising avenues for redefining roles & responsibilities to make multimodal transportation network development and management more efficient and cost-effective.

Overview of Intergovernmental Arrangements for Transportation Finance ~ Oct 2007

 

Further Innovative Finance Resources

Vermont:

• Vermont’s Challenge

National:

• U.S. Chamber Foundation ~ Future Highway & Public Transportation Financing
• National Cooperative Highway Research Program ~ Future Financing Options to Meet Highway and Transit Needs
• AASHTO ~ Future Needs of the U.S. Surface Transportation System
• Cambridge Systematics ~ Options in Addressing the Looming Transportation Funding Crisis
• Jack Basso Presentation ~ Transportation Funding Summit
• National Surface Transportation Policy & Revenue Commission
• Rockefeller Institute Policy Forum ~ Transportation in the 21st Century: Where New York Is Going

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For further information, contact Scott Johnstone at 802.660.4071 x15.