State and federal transportation funds and grants have been traditionally used to fund transportation improvements.
The growth in local transportation needs has outpaced the availability of traditional state and federal funding sources, creating a funding gap.
Value capture techniques help communities to reduce this funding gap making possible the delivery of critically needed projects.
| Technique | Definition |
|---|---|
| Impact Fees | Fees imposed on developers to help fund additional public services, infrastructure, or transportation facilities required due to the new development. |
| Transportation Utility Fees | Fees paid by property owners or building occupants to a municipality based on estimated use of the transportation system. |
| Special Assessments | Fees charged on property owners within a designated district whose properties are the primary beneficiaries of an infrastructure improvement. |
| Tax Increment Finance | Charges that capture incremental property tax value increases from an investment in a designated district to fund or finance the investment. |
