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NEBRASKA TRANSPORTATION FUNDING CONFERENCE

Paul F Mullen August 26.2010. NEBRASKA TRANSPORTATION FUNDING CONFERENCE. MAPA 2011-2015 TIP. Transportation Improvement Program (TIP) 5 Year plan for transportation improvement activities inside the MAPA Transportation Management Area (TMA)

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NEBRASKA TRANSPORTATION FUNDING CONFERENCE

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  1. Paul F Mullen August 26.2010 NEBRASKA TRANSPORTATION FUNDING CONFERENCE

  2. MAPA 2011-2015 TIP • Transportation Improvement Program (TIP) • 5 Year plan for transportation improvement activities inside the MAPA Transportation Management Area (TMA) • The MAPA TMA includes Douglas and Sarpy Counties in Nebraska and urbanized Pottawattamie County, Iowa • First 4 years must be fiscally constrained • The programmed project costs cannot exceed the available funding • Federally funded projects are to be listed in the TIP • Locally funded projects are not required to be listed but have been shown in the past • Federal Formula Funding (STP-MAPA) • MAPA annually receives $16 million in STP-MAPA via the Nebraska Department of Roads • This funding is to be used by local jurisdictions for projects on Federal Functionally Classified (FFC) roads, transportation planning, or transit projects inside the MAPA TMA • The MAPA Transportation Technical Advisory Committee (TTAC) selects the projects that will receive STP-MAPA funding • Current Financial Picture • Available STP-Funding 2011-2015: $ 80 million • Estimated STP Project Costs 2011-2015: $ 130,172,000 • STP Shortfall: $50,172,000

  3. TIP Federal Funding (Nebraska)

  4. MAPA 2035 Long Range Transportation Plan Financial Summary • The MAPA 2035 LRTP must be fiscally constrained for the first 20 years of the plan • Illustrative projects are placed in the following 5 years or the plan • Projected revenue streams are determined from sources that are reasonably expected to be available • Gas tax revenues • Wheel tax revenues • Local General Fund Transfers • Transfers from State and Federal Governments • Revenues should be shown in Year of Expenditure (YOE) dollars • The LRTP also contains a list of potential projects with estimated costs • Also shown in YOE dollars • Currently the MAPA 2035 LRTP contains cost estimates for local jurisdiction projects only • No NDOR project cost estimates available

  5. LRTP Revenue Projections • Revenue Sources • Local Sources • Wheel Tax Revenue • Property Tax Revenue • Bond Revenue • Sales Tax Revenue • State Sources • Fuel Tax Revenue • Sales Tax Revenue • Federal Sources • Motor Vehicle Tax Revenue

  6. LRTP Cost Projections (Local Projects Only-Non NDOR/IDOT Projects) • Construction Costs • $ 1,000,000.00 per lane mile of new pavement • $ 110.00 per ft2 of bridge • Engineering Costs • Estimated at 20% of Construction Costs • Right of Way Costs • Estimated at 15% of Construction Costs

  7. Long Range Plan-Financial Summary Based upon current project listings the LRTP is not fiscally constrained $ 80,471,000 Budget Shortfall in 2011-2015 $ 412,874,000 Budget Shortfall in 2016 -2025 $ 196,661,000Budget Surplus in 2026-2035 Total Budget Shortfall is projected to be: $ 296,683,000 from 2011-2035

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