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Show Me The Money! (Introduction of Transportation Funding)

Show Me The Money! (Introduction of Transportation Funding). Transportation Corridors Task Force June 24, 2008 Harold W. Barley, Executive Director. Purpose . Overview of the five funding sources Identify concerns and opportunities Preparation for strategy conversation.

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Show Me The Money! (Introduction of Transportation Funding)

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  1. Show Me The Money!(Introduction of Transportation Funding) Transportation Corridors Task Force June 24, 2008 Harold W. Barley, Executive Director

  2. Purpose • Overview of the five funding sources • Identify concerns and opportunities • Preparation for strategy conversation

  3. Five Funding Sources • Federal • State • Local • User fees • Corporate/Private

  4. FederalTransportation Funding • Federal Transportation Trust Fund • 18 cents/gallon gas tax – since 1993! • Gas sales (and taxes) are declining • Formula funds – discretionary funds- earmarks • Florida’s a donor state

  5. StateTransportation Funding • State Transportation Trust Fund • Now about 18 cents/gallon gas tax – indexed • Diversions • Formula funds – discretionary funds • Central Florida’s a donor region

  6. LocalTransportation Funding Gas Taxes • Counties can do up to 12 cents/gallon • Seminole, Osceola: 7 cents/gallon; Orange: 6 cents/gallon • Voter referendum or super-majority Commission vote

  7. LocalTransportation Funding (continued) Infrastructure Sales Tax • 1% for capital projects by voter referendum • Seminole and Osceola have implemented; Orange has not

  8. LocalTransportation Funding (continued) Other Revenue • Impact fees • General revenue

  9. User Fees • Tolls • Transit fares • Parking

  10. Corporate/Private • Proportionate share agreements • Private transportation facilities • Public-Private Partnerships (PPP or 3P’s)

  11. Concerns • Waning commitment to infrastructure • Insolvency of Federal Transportation Trust Fund • Current gas tax yield is not sustainable • Statewide referendum in November 2008 • Lynx funding

  12. Opportunities • Presidential election • New federal transportation bill in 2009 • Local option gas tax: $50 million/year

  13. Opportunities (continued) • Local option rental car surcharge: $50 million/year • 1% Orange infrastructure sales tax: $350 million/year • 1% Charter County Transportation Sales Tax: $470 million/year

  14. Opportunities (continued) • Toll rate level and structure • Parking rates; free and subsidized parking • Leverage local dollars – federal and state match • Flexibility with highway and transit dollars

  15. Strategy Conversation • Transportation Corridors Task Force July 22 or August 26 • METROPLAN ORLANDO Board Workshop September 10, 2008

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