Abstract

Kentucky’s Road Fund serves as the primary source of funds for the state’s roadway system. Motor fuels taxes and motor vehicle usage taxes are the two main components of Road Fund revenues. In recent years, there has been concern about the ability of the Road Fund, as currently constituted, to provide sufficient revenue to meet the funding needs for Kentucky’s transportation system. This study first analyzed the sources of Road Fund revenue, utilizing historical data to provide context for how past revenues have been generated and where those revenues were spent. In addition to examining revenues, the study also examined historical expenditure levels and attempted to assess the sufficiency of those spending levels to keep pace with needs. Forecasts were developed using several methods to provide the most robust estimates of future Road Fund revenues through 2017. Several scenarios were developed for comparison purposes including an average scenario as well as high-revenue and low-revenue scenarios.

Report Date

8-2013

Report Number

KTC-13-02/SPR449-12-1F

Digital Object Identifier

http://dx.doi.org/10.13023/KTC.RR.2013.02

Notes

The contents of this report reflect the views of the authors, who are responsible for the facts and accuracy of the data presented herein. The contents do not necessarily reflect the views or policies of the University of Kentucky or the Kentucky Transportation Cabinet.

© 2013 University of Kentucky, Kentucky Transportation Center

Information may not be used, reproduced, or republished without our written consent.

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