1 / 23

Keeping Texas in Business

Texas has a rich history of good roads, symbolizing economic prosperity and attracting jobs and people to the state. However, congestion, limited funding, and outdated financing models are threatening the state's transportation infrastructure. Without intervention, Texas faces increased costs of congestion, missed business opportunities, and negative impacts on job creation and trade efficiency. With nearly out of funds for new roads, the economic health of Texas is at stake. The existing congestion results in wasted time, money, and fuel costs, highlighting the urgent need for investment in transportation. To address these challenges, various solutions such as increasing fuel taxes, exploring public-private partnerships, and implementing alternative funding mechanisms like Vehicle Mile Traveled Fees are being considered. It is crucial for stakeholders to be informed and engaged in the transportation planning process to secure a sustainable future for Texas. Visit http://mobility.tamu.edu/mip/rpm.php to learn more and voice your concerns.

rush
Download Presentation

Keeping Texas in Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Keeping Texas in Business

  2. Texas has a long legacy of good roads • Symbol of our economic prosperity, attracting jobs and people to the State • In part, our congestion is a byproduct of the state’s “wide open for business” successes

  3. Transportation in Texas is stretched to the limit, and the news gets worse • Don’t let those orange barrels fool you • In 2015, we will be out of money for new roads

  4. At stake is the economic health of Texas Increased New Jobs/Efficient trade Businesses shipping

  5. Business Cost of Congestion Distance traveled to connect with customers in 30 minutes Missed opportunity Missed opportunity With congestion Without congestion

  6. Business Cost of Congestion Commuting distance for employees in 1 hour Missed opportunity Missed opportunity With congestion Without congestion

  7. What do we Know? Transportationfundinghas not kept pace with demand

  8. How do we payfor our roads? 2014 Revenue Debt financing has now surpassed revenue from the state gas tax

  9. How Texas ranks National Comparison Fuel Taxes high high high 19th Cost of Vehicle Ownership Vehicle Registration Fees 29th 44th low low low

  10. What’s the problem? Congestionin Texas each year 472million extra hours of travel time $10.1 billion in delay and wasted fuel costs $2.1 billion in truck freight moving costs

  11. How did we get in this hole? It’s all about supplyand demand 238% 172% 125% 19% population vehicles highway use highway space

  12. How did we get in this hole? Financingfor our roads is stuck back in the last century • $3.08 • $1.10 • Gallon of gasoline • $0.38 • Fuel Tax Portion 1991 2014

  13. How did we get in this hole? Financingfor our roads is stuck back in the last century • $3.41 • $1.12 • Gallon of Diesel • $0.44 • Fuel Tax Portion 1994 2014

  14. How did we get in this hole? Since 1991, the cost of everyday goods has about doubled So has the cost of building roads

  15. Purchasing Power of the Motor Fuels Tax Tax Rate Adjusted by Inflation in Roadway Construction Costs

  16. The Downside of Fuel Efficiency

  17. What do we Know? Mobility will get worse • How much worse? • Depends on how much effort to addressthe problem

  18. What do we Know? The Cost of Doing Nothing is High!

  19. Just as in your Business • Capital expansion doesn’t happen overnight • Maintaining current assets is imperative Texas

  20. Why it Matters… • $270 Billion investment to keep congestion in Texas from getting worse • $1 Trillion economic cost if we spend at current levels Over the Next 25 Years

  21. What’s Next? Comprehensive DevelopmentAgreements? Vehicle Mile Traveled Fee? Local TransportationTaxes? Drive Less? Move Somewhere Else? Increase the Fuel Tax? Index the Fuel Tax? Increase the Registration Fee? Toll Roads? Public/Private Partnerships?

  22. Is “doing nothing” really an option?

  23. If you want a change Be better informed | Be more involved | Voice your concerns http://mobility.tamu.edu/mip/rpm.php

More Related