AMERICAN TRAFFIC SAFETY SERVICES ASSOCIATION
Based on economic values developed by the National Highway Traffic Safety Administration (NHTSA), the savings from society from preventing a single traffic fatality is $6.1 million. Using this figure, calculations indicate that every $1 million increase of HSIP funds obligated results in an annual savings of approximately $42.7 million in societal costs to the United States (i.e. a benefit/cost ratio of 42.7 to 1).
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THE ROAD INFORMATION PROGRAM (TRIP)
As Arkansas looks to rebound from the current economic downturn, the state will need to improve the physical condition of its surface transportation network and enhance the system’s ability to provide efficient and reliable mobility for residents, visitors and businesses. Making needed improvements to Arkansas’ roads, highways, bridges and transit could provide a significant boost to the state’s economy by creating jobs and stimulating long-term economic growth as a result of improved mobility and access.
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Two bold predictions concerning the future of the federal surface transportation program have caught our eye in recent days. Both have come from respected veterans of the transportation scene so they cannot be lightly dismissed as speculations of some anonymous bloggers.
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AMERICAN ROAD & TRANSPORTATION BUILDERS ASSOCIATION
Some political speculators have suggested that an increase in the federal gasoline tax to meet the nation’s staggering highway and mass transit capital investment needs as part of SAFETEA‐LU reauthorization is “politically undoable.” Their theory is that those who would advocate or support such an increase would do so at great political risk. A survey of state legislative actions on the motor fuel excise since 1997 conducted by the American Road & Transportation Builders Association’s Economics Department demonstrates that facts do not support these claims.
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ENVIRONMENTAL DEFENSE FUND
“Lawmakers and authorities must seize the moment to support and expand upon the innovative transit investments already occurring that will reduce greenhouse gas pollution, create permanent new jobs and revitalize our national economy…”
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