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Progress Report on the Region’s Short Term Transportation Funding Needs

Progress Report on the Region’s Short Term Transportation Funding Needs. Item 3. Transportation leadership you can trust. prepared for Transportation Planning Board presented by Arlee Reno Cambridge Systematics, Inc. in cooperation with K.T. Analytics July 7, 2006.

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Progress Report on the Region’s Short Term Transportation Funding Needs

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  1. Progress Report on the Region’s Short Term Transportation Funding Needs Item 3 Transportation leadership you can trust. prepared forTransportation Planning Board presented byArlee RenoCambridge Systematics, Inc. in cooperation withK.T. Analytics July 7, 2006

  2. Purpose of Progress Report • Report on What Has Happened Since a “Time To Act” • Program and Project Actions Since 2004 • Finance Actions Since 2004 • Update on Challenges Remaining • Construction Costs are Increasing • Congestion Continues to Grow both Highway and Transit • Identify “Potential Solutions” - drawing on a review of promising national, state, and regional funding proposals

  3. Progress Since 2004 “Time To Act”Programmed Project Actions since 2004 • Regional: Initiated the Regional Transportation Coordination Program to facilitate coordination and information sharing among the region’s transportation agencies • Suburban Maryland: Intercounty Connector is moving forward with the project planning phase completed and funds identified. • Northern Virginia: Dulles Corridor MOU signed with MWAA and project is also moving forward • DC: Enhanced existing transit services by adding a circulator and opening the New York Avenue station • WMATA: Approval of Metro Matters will buy additional buses and rail cars and other improvements

  4. Progress Since 2004 “Time To Act”Finance Actions since 2004 • Metro Matters funding has been committed, but transit ridership constraint on Metrorail core capacity still applied beyond 2010 • Davis Bill for funding Metro capacity and rehabilitation for existing system introduced • Federal revenues for region increased under SAFETEA-LU ( but not dramatically: inflation has eroded all resources

  5. Update on ChallengesConstruction costs are increasing • Street and highway construction costs have gone up the most drastically over the past few years * Table shows the PPI rates over the past twenty years as indexed

  6. Update on ChallengesCongestion Continues to Increase • Highway - Total lane miles of congestion have increased significantly since 2003 throughout the AM and PM Peak hours • Greatest increase (64%) in the first hour of the PM peak (4:30 to 5:30) • Transit – Crowding at peak and core capacity continues to be limited

  7. Potential Solutions • Wide array of candidate revenue sources, but there is not a one size fits all solution for all agencies • Fuel Taxes • MD, VD, and DC are below the national average • States such as Kentucky, Maine, Nebraska, New York, North Carolina, West Virginia, and Wisconsin already have variable rates, usually responding to price indices • Tolling, Pricing, and Other Direct User Fees

  8. Candidate State and Local Revenue Sources

  9. Candidate State and Local Financing Techniques

  10. Candidate State and Local Management Techniques

  11. Potential SolutionsA Longer Term Option – VMT Fees • Oregon’s field test of technologies for collecting VMT fees is an innovative “transition” strategy • VMT fees are collected at the pump, with a record of miles since the last fueling rather than gallons used • No more private information is collected than during current fuel purchases • Additional testing of how a VMT fee system works will be necessary to examine public acceptability

  12. States that Authorize Local Option Gasoline Taxes for Transportation Source: Institute of Transportation Studies, University of California at Berkeley, “Local Option Transportation Taxes in the United States,” March 2001.

  13. States that Authorize Local Option Sales Taxes for Transportation Source: Institute of Transportation Studies, University of California at Berkeley, “Local Option Transportation Taxes in the United States,” March 2001.

  14. PPP’s Have Been Used for Transportation Projects in a Number of States Project Location Intermodal Projects in Green Highway Projects in Blue Transit Projects in Yellow Jamaica JFK Airtrain Northwest Parkway Hiawatha Light Rail Line Tacoma Narrows Bridge Denver E-470 Chicago Skyway Asset Sale I-15 Reconstruction Reno Rail Corridor Hudson-Bergen Light Rail Line - Las Vegas Monorail Camden Trenton Light Rail Line Alameda Corridor Dulles Greenway Foothill Eastern Toll Road Pocahontas Parkway SR 125 Toll Road San Joaquin Hills Toll Road Southern Connector AZ-17 NM 44 (US 550) Osceola Parkway Central Texas Turnpike Trans Texas Corridor - Miami Intermodal Center Partial List of Financed Projects; Source: Public Works Financing.

  15. States Issuing Debt for Transportation PurposesG.O. versus Special Revenue* States with Special Revenue Bond credit for transportation (excluding GARVEE Bonds) States with General Obligation Debt Outstanding for Highway or Transit Purposes PR * Excludes GARVEE Bonds backed by Federal-aid) Source: FHWA Highway Statistics, 2004, Bond Rating Agencies (data being confirmed)

  16. Next Steps • Working Group has made suggestions on the draft progress report • Receive comments and suggestions from the Technical Committee (today’s goal) • Prepare final for TPB review

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