What does TSDC mean in TRANSPORTATION

TSDCs are fees imposed on new development projects to help fund the construction and maintenance of transportation infrastructure, such as roads, bridges, and public transit. These charges are typically levied by local governments to ensure that new development pays its fair share of the costs associated with the increased demand for transportation services.

TSDCs are necessary to address the financial burden that new development places on existing transportation infrastructure. As new developments add residents, businesses, and traffic to an area, the demand for transportation services increases. TSDCs help to offset these costs and ensure that all users of the transportation system contribute fairly to its maintenance and improvement.

TSDC rates are typically established through a comprehensive study that assesses the current and projected transportation needs of the jurisdiction. Factors considered include the type and size of development, traffic impact, and the availability of existing infrastructure. The study also determines the appropriate level of funding required to meet these needs and sets the TSDC rate accordingly.

TSDCs are typically paid by the developer of a new project. The fees are often assessed as part of the building permit application process and are typically passed on to the end user, such as homeowners or tenants.

TSDC funds are used exclusively for the construction, maintenance, and improvement of transportation infrastructure within the jurisdiction. This may include projects such as road widening, intersection improvements, public transit enhancements, and bike paths. TSDC funds cannot be used for general operating expenses or other non-transportation purposes.