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ALDOT HIGHWAY FUNDING UPDATE

ALDOT HIGHWAY FUNDING UPDATE. Twenty-Fourth Annual Alabama Asphalt Pavement Conference MARCH 11, 2014. ALDOT’s Funding Plan . Historical Trends in Funding Critical Issues and Needs. Historical Federal Funding Levels. Historical Trends in Funding.

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ALDOT HIGHWAY FUNDING UPDATE

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  1. ALDOT HIGHWAY FUNDING UPDATE Twenty-Fourth Annual Alabama Asphalt Pavement Conference MARCH 11, 2014

  2. ALDOT’s Funding Plan Historical Trends in Funding Critical Issues and Needs

  3. Historical Federal Funding Levels

  4. Historical Trends in Funding Last state gas tax increase was 5¢ in 1992 Last federal gas tax increase was 5¢ in 1993 [however, not available until 1997]

  5. State Highway Revenue

  6. Total State and Federal Highway Revenue 1991 to 2011

  7. Total State and Federal Highway Revenue Projected thru 2014

  8. Total State and Federal Highway Revenue WithoutStimulus $$

  9. Historical Trends in Funding • Construction costs are • 2 to 2½ times more • than 20 years ago.

  10. Construction Costs

  11. Construction Costs

  12. State of AlabamaTransportation Infrastructure Funding 1991 2012

  13. State of AlabamaTransportation Infrastructure Funding 1991 2012

  14. State of AlabamaTransportation Infrastructure Funding 1991 2012

  15. State of AlabamaTransportation Infrastructure Funding

  16. State of AlabamaTransportation Infrastructure Funding New Diversion $630 million 1991

  17. Funding in 1991 Dollars[with Diversions and without Stimulus] $788m

  18. Funding in 1991 Dollars[with Diversions and without Stimulus] $788m

  19. Funding in 1991 Dollars[with Diversions and without Stimulus] $788m 35 % Drop

  20. Historical Trends in Funding 1991 to 2010 • 140% more money today than 1991, but relatively no change in total revenue since 2005. • Purchasing power about the same today as 1991 and 35% less than 10 years ago due to inflation.

  21. CRITICAL ISSUES AND NEEDS What else can affect funding?

  22. FEDERAL FUNDING CONFUSIONLEADS MOODY’S TO CUT HIGHWAY BONDS RATING

  23. Future Fuel Economy Standards

  24. Vehicle Miles of Travel

  25. CRITICAL ISSUES AND NEEDS In terms of purchasing power, we are back to the 1991 level, just prior to the last state and federal tax increase. Level funding since 2005 expected to continue through 2014. Fuel economy will further devastate the highway program. Federal Highway Trust Fund SOLVENCY IS AN ISSUE

  26. For every billion dollars invested in transportation infrastructure, 30,000 jobs are created. Source: U.S. Department of Commerce • The state highway system • 11,000 Centerline Miles • 4,200 National Highway System • 6,900 Other state roads • 1000 miles of interstate • 5,745 bridges

  27. HIGHWAY REVENUE ESTIMATED STATE FUNDS 2013 $ 480,260,000 ESTIMATED FEDERAL FUNDS $ 733,095,000 TOTAL $1,213,355,000

  28. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000

  29. ALLOCATION OF STATE FUNDS TO OTHERS ADMINISTRATIVE OFFICE OF COURTS $ 35,000,000 PUBLIC SAFETY $ 28,500,000 REVENUE DEPARTMENT $ 4,900,000 STATE PERSONNEL $ 1,375,000 STATE PARK MAINTENANCE $ 500,000 INDUSTRIAL ACCESS APPROPRIATION $ 11,000,000 COUNTY ENGINEER SALARY SUPPORT $ 6,100,000 CAPTIVE COUNTY INSURANCE $ 125,000 Total $ 87,500,000

  30. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000

  31. ALLOCATION OF FEDERAL FUNDSTO CITIES AND COUNTIES LARGE URBAN AREAS $ 35,705,000 SMALL URBAN AREAS $ 13,312,000 COUNTIES (Including Off-System Bridge) $ 35,711,000 CMAQ – B’HAM AREA $ 10,919,000 TRANSPORTATION ALTERNATIVES $ 16,780,000 METROPOLITAN PLANNING $ 2,915,000 GARVEE BOND PAYMENT $ 18,000,000 Total $ 130,427,000

  32. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000

  33. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000

  34. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000

  35. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000

  36. SYSTEM PRESERVATIONPavements - Interstate • 1003 centerline miles Rehabilitate 84 miles/year • $1,900,000 per mile resurfacing cost • x 84 miles/year • $159,600,000 • Includes 98 miles of Corridor X that will soon be added to the interstate system as I-22. • Interstate maintenance funding includes the addition/modification of interchanges, rest area rehabilitation and lighting projects.

  37. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000

  38. SYSTEM PRESERVATIONBridge Replacement 5,745 State System Bridges ÷ 50 Average Bridge Life, Yrs 115 Bridges Replaced per Yr It takes $200 to $225 million/yr to replace 115 bridges/yr Spending $80 m/yr replaces about 40 bridges/year

  39. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000 Resurfacing $ 260,000,000

  40. SYSTEM PRESERVATIONPavement – Non Interstate 10,025 centerline miles Resurface 850 miles/year $306,000 per mile resurfacing cost x 850 miles/year $260,000,000 Current backlog of resurfacing deficit = 3,984 miles

  41. MAINTENANCE RESURFACING PROGRAM

  42. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000 Resurfacing $ 260,000,000 Capacity/System Enhancement/APD $ 150,000,000

  43. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000 Resurfacing $ 260,000,000 Capacity/System Enhancement/APD $ 150,000,000 Discretionary $ 10,000,000

  44. ALLOCATION OF FUNDS BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000 Resurfacing $ 260,000,000 Capacity/System Enhancement/APD $ 150,000,000 Discretionary $ 10,000,000 Equipment/Land & Building $ 11,000,000

  45. ALLOCATION OF FUNDS FY 2013 BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 60,420,000 Interstate Maintenance $ 170,000,000 Bridge Replacement $ 80,000,000 Resurfacing $ 260,000,000 Capacity/System Enhancement/APD $ 150,000,000 Discretionary $ 10,000,000 Equipment/Land & Building $ 11,000,000 ATRIP BONDS $ 33,883,000 ENDING BALANCE $ 0

  46. ALLOCATION OF FUNDS FY 2014 BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 48,420,000 Interstate Maintenance $ 158,000,000 Bridge Replacement $ 73,000,000 Resurfacing $ 241,000,000 Capacity/System Enhancement/APD $ 150,000,000 Discretionary $ 10,000,000 Equipment/Land & Building $ 11,000,000 Overruns $ 50,000,000 ATRIP BONDS $ 33,883,000 ENDING BALANCE $ 0

  47. ALLOCATION OF FUNDS FY 2015 BEGINNING BALANCE $1,213,355,000 State Funds to Others $ 87,500,000 Federal Funds to Others $ 130,427,000 ALDOT Overhead $ 72,625,000 Routine/Emergency Maintenance $ 147,500,000 Safety $ 48,420,000 Interstate Maintenance $ 158,000,000 Bridge Replacement $ 73,000,000 Resurfacing $ 241,000,000 Capacity/System Enhancement/APD $ 86,500,000 Discretionary $ 10,000,000 Equipment/Land & Building $ 11,000,000 Overruns $ 50,000,000 ATRIP BONDS $ 97,383,000 ENDING BALANCE $ 0

  48. In its latest Highway Trust Fund (HTF) projections, the CBO reports, "the highway and transit accounts of the Highway Trust Fund will have insufficient revenues to meet obligations starting in fiscal year 2015." However, the CBO has also said that it is possible that the HTF will run out of funding before the expiration of current surface transportation bill, MAP-21, on Sept. 30. This is consistent with U.S. DOT Secretary Anthony Foxx's announcement in January that the Highway Account of the HTF is likely to run out of money in August of this year.

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