**GAO-10-781**                      Published: Jul 29, 2010. Publicly Released: Jul 29, 2010.                  

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## Highlights

State and local governments are looking for alternative strategies to help fund transit systems. Value capture strategies--joint development, special assessment districts, tax increment financing, and development impact fees--are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. GAO was asked to review (1) the extent to which transit agencies and local governments use joint development and other value capture strategies to fund or finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of federal policies and programs on the use of these strategies. GAO analyzed data from 55 of the 71 transit agencies that responded to its information request; reviewed literature, and statutes and regulations; and interviewed transit agency, local government, and Federal Transit Administration (FTA) officials; developers; and experts.

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## Topics

Transportation

Federal aid for transportationFederal fundsFinancial managementInvestmentsLocal governmentsMass transit fundingMunicipal governmentsMunicipal taxesStrategic planningState and local relationsPublic-private partnerships