Use Transportation Utility Fees (TUFs) to Fund Roadway Maintenance & Enhance Safety-The Primer
Value Capture 2021 Webinar Series
FHWA is hosting a series of Value Capture Strategies webinars beginning in March 2021. The webinar series will detail the Value Capture techniques promoted in the Federal Highway Administration’s Every Day Counts (EDC) initiative. This year’s series focuses on the intersection of Innovative Finance and Innovative Project Delivery Tools. These webinars will detail more Value Capture best practices collected from throughout the nation. They will also highlight FHWA’s recently completed Value Capture Primer series of technical documents.
This FHWA Webinar rolls out the Transportation Utility Fees (TUFs)/Road Maintenance Fees Primer.
If your city, county, township, or Tribe is facing funding challenges to keep your roadways in good condition and maintain proper safety for all users, join FHWA to learn from experts how TUFs can improve your agency’s roadway conditions!
The primer introduces the concept of TUFs and how they can provide an alternative source of funding to help maintain and improve road networks. TUFs can also provide a source of funding to upgrade sidewalks, add or improve pedestrian safety features and curbs, as well as to comply with the Americans with Disabilities Act of 1990 (ADA). Over a series of nine chapters, the primer provides practical information on what TUFs are and examples of how municipalities use them. It also provides points for consideration when thinking about instituting a TUFs program, such as the favorability of the legal and regulatory environment for TUFs as well as whether and how TUFs can be used for financing.
Value Capture is a set of powerful techniques that recover a portion of land value created by public infrastructure investments, and can:
■ Address funding gaps;
■ leverage and optimize Federal and State resources;
■ accelerate project delivery;
■ meet and improve system performance goals;
■ maintain transportation infrastructure assets in good repair; and,
■ save time and money.
Resources Available Now
■ Consult the Value Capture Implementation Manual for information on how Value Capture strategies are applicable to roadway projects.
■ FHWA’s Value Capture website for case studies, best practices, lessons learned, FAQs, and resources.
■ Watch a short video on how Value Capture optimizes agency resources.
■ Check back for much more, as new resources are under development!