A Strategic approach to financing public transport through property values

Enoch, Marcus; Potter, Stephen and Ison, Stephen (2005). A Strategic approach to financing public transport through property values. Public Money and Management, 25(3) pp. 147–154.

DOI: https://doi.org/10.1111/j.1467-9302.2005.00467.x

Abstract

Traditional sources of finance are becoming inadequate to meet the needs of public transport. This has led to the emergence of a number of local earmarked tax and charging mechanisms, in particular road user charges and tolls. This article examines one group of such mechanisms: charges to property owners and developers, and draws on worldwide examples of the practical use of a number of such schemes. There are a number of practical difficulties with capturing value from property owners and developers, and these are detailed with a commentary on best practice.

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