Financial District: State and Local Coffers Taking Major Hits
ARRA Bonds — two new types of transportation bonds, Build
America Bonds (BABs) and Recovery Zone Bonds (RZBs), that are provided for by the American Recovery and Reinvestment Act of 2009;
Federal credit assistance — direct loans, loan guarantees or lines of credit for transportation infrastructure projects provided through the Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program;
State Infrastructure Banks (SIBs) — revolving loan funds to finance highway and transit projects;
Congestion or cordon pricing — fees charged to motorists for road use during times of peak demand or for entry into a congested area during some portion of the day, respectively;
Public-private partnerships (PPPs) — contractual agreements between a public agency and a private sector entity to collaborate on a transportation project;
Vehicle miles traveled (VMT) fees — fees charged directly to drivers for each mile traveled, in replacement of a traditional motor fuel tax; and
Other sources such as impact fees, container fees and traffic camera fees.








