250 likes | 369 Views
Meeting Name. Date. Agenda. Introductions Transportation Funding 101 Program Development Process Program Projects Strategic Funding Tax Rate Implications Public Information. Transportation – The Big Picture. The Texas Transportation Institute found that Texas needs:
E N D
Meeting Name Date
Agenda • Introductions • Transportation Funding 101 • Program Development Process • Program Projects • Strategic Funding • Tax Rate Implications • Public Information
Transportation – The Big Picture • The Texas Transportation Institute found that Texas needs: • $6B annually to slow deteriorating pavement conditions and congestion • $10B annually to keep 2010 conditions stable • Currently there is $2.8B available budget for 2014 and 2015 http://transportationadvocatesoftexas.org
Why Such a Shortfall? • There are many reasons • Population – Increased congestion and maintenance • Increased cost of resources and construction • Vehicle fuel efficiency and Inflation affecting the tax rate http://transportationadvocatesoftexas.org
Kaufman County • Kaufman County is the 9th fastest growing County in Texas and the 40th fastest growing county in the U.S. http://research.stlouisfed.org • NCTCOG Population Projection • Year 2013 = 110,000 people • Year 2030 =277,000 people
Process – Data Collection • Sources for candidate project solicitation • County Judge & Commissioners • All Cities • Texas Department of Transportation (TxDOT) • NCTCOG • ISD Superintendents • A total of 80 projects were submitted for consideration in the bond program, totaling over $400M
Process – Project Evaluation • Project Considerations • Safety Improvements • Congestion Alleviation • Proximity to Schools & High Traffic Generators • Air Quality Improvement • Economic Development • Significant Alternate Route Creation • External Funding Availability • Fast Start Project / Bond Term Viability • A Total of 26 projects were included totaling an estimated cost of $56M
All Projects *Project costs are estimates
Precinct 4 Projects *Project costs are estimates
Program Project Summary • $4M - Funding County Road Materials • $19.2M - Pass Through Projects • $2.6M – Intersection Safety Improvements • $6.9M - Advanced Planning (Env. & Schematic Design) • $2M – Countywide Transportation Studies • $3M – Strategic Project Funding • $18.3M – General Roadway Design and Construction
Strategic Funding • Program Funding Sources • County • Local City Participation • TxDOT and Federal Funds
Tax Rate Implications • $0.036 (3.6¢) per $100 taxable value • Average home value=$122,000 $43.92 per year $3.66 per month * Important - The amount of taxes on residential homesteads of persons 65 and older will not increase above the amount of taxes when they qualified to receive the freeze exemption.
Public Information • Website • www.KaufmanCountyTransportation.com
Public Information • Bond Program Educational Presentations • Voters Educational Brochure • Website
Thank You! Questions??