encyclopedia

BENEFICIAL USE

Equipment or facility that is functioning after construction or repair and has been accepted into service by the Authority.

BENEFIT ASSESSMENT DISTRICT

A limited area around public transportation stations in which non-residential property owners are taxed for benefits derived from proximity to the system.

BENEFIT ASSESSMENT DISTRICT (BAD)

A limited area around public transportation stations in which non-residential property owners are taxed for benefits derived from proximity to the system.

BENEFIT-COST RATIO

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