Category: Planning_Finance

BENEFIT-COST RATIO

The ratio of the dollars of discounted benefits available to the given outlay of discounted costs. (TRB)

BLOCK GRANTS

Aid directed at broadly or functionally defined purposes. In comparison with directed grants, more reliance is placed on state initiative, local initiative, or both in this form of grant. (TRB)

CATALOG OF FEDERAL DOMESTIC ASSISTANCE

A catalog published annual by the U.S. Office of Management and Budget. It presents a comprehensive listing and description of federal assistance programs administered by different federal departments, agencies, commissions, and councils. (TRB)

CD&P

Capital Development and Programming units (formerly Capital Planning) with the Regional Transportation Planning and Development unit (RTP&D) performs strategic capital planning and regional programming for all fund sources that support the MTA’s mission.

COST

The outlay or expenditure made to achieve an objective. Also see Capital Costs and Operating Costs. (TRB)

COST-BENEFIT ANALYSIS

An analytical technique that compares the societal costs and benefits (measured in monetary terms) of proposed programs or policy action. Identified losses and gains experienced by society are included, and the net benefits creased by an action are calculated. Alternative…

COST-EFFECTIVENESS ANALYSIS

An analytical technique used to choose the most effective method for achieving a program or policy goal. The costs of alternatives are measured by their requisite estimated monetary expenditures. Effectiveness is defined by the degree of goal attainment and may…