TSPLOST Forecast: Improving Forecast Strategy and Managing Revenue Volatility

This proposed research focuses on three areas of improvement. First, this research seeks to improve understanding of the economic and demographic factors that influence the sales tax receipts generated in each of the four Transportation Special Purpose Local Option Sales Tax (TSPLOST) regions in Georgia. As the second part of this research, the research will test different forecasting models and techniques to determine the most accurate forecasts against historical data. The third part of the research will identify best practices and approaches used in other agencies and/or in other states to mitigate the effects of volatile funding on project schedules.

Language

• English

Project

• Status: Active
• Funding: $205000
• Contract Numbers:

  GDOT RP 21-07

• Sponsor Organizations:

  Georgia Department of Transportation

  One Georgia Center
  600 West Peachtree Street, NW
  Atlanta, GA  United States  30308
• Managing Organizations:

  Georgia Department of Transportation

  One Georgia Center
  600 West Peachtree Street, NW
  Atlanta, GA  United States  30308
• Project Managers:

  Bilsback, William

• Performing Organizations:

  Georgia State University Research Foundation, Inc.

  58 Edgewood Avenue
  Atlanta, GA  United States  30303
• Principal Investigators:

  Bluestone, Peter

• Start Date: 20230307
• Expected Completion Date: 20231007
• Actual Completion Date: 0
• USDOT Program: Research and Development

Subject/Index Terms

• TRT Terms: Best practices; Demographics; Economic factors; Financing; Forecasting; Sales tax; Transportation departments
• Geographic Terms: Georgia
• Subject Areas: Administration and Management; Economics; Finance; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01838329
• Record Type: Research project
• Source Agency: Georgia Department of Transportation
• Contract Numbers: GDOT RP 21-07
• Files: RIP, STATEDOT
• Created Date: Mar 10 2022 7:49AM