Transcript of PROPOSITION 1 AND SELECTED TRANSPORTATION PROJECTS IN TARRANT COUNTY SOUTHEAST TARRANT...
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- PROPOSITION 1 AND SELECTED TRANSPORTATION PROJECTS IN TARRANT
COUNTY SOUTHEAST TARRANT TRANSPORTATION PARTNERSHIP OCTOBER 8,
2014
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- WHERE DOES FUNDING COME FROM? THE HIGHWAY TRUST FUND
Established in 1956 Functions as an accounting mechanism Cash in:
excise tax on motor fuels, trucks, tires Cash out: spending on
highway and transit programs Made of two accounts Highways Mass
Transit The future status of the HTF is uncertain Changes in oil
prices, the economy, and fuel efficiency all have major impacts on
the HTF Since September 2008, Congress infused the HTF with tens of
billions to keep the account solvent
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- TRANSPORTATION SYSTEM FUNDING BASICS TxDOT Budget Plan,
Maintain & Build Transportation Projects Point of Collection*
Federal Highway Trust Fund Highway AccountMass Transit Account 1/10
cent per gallon to EPA L.U.S.T. Trust Fund 1% General Fund Refunds
for non-road use $7.3 million to County & Road District Fund
25% Education Diversions: Round 1 Diversions: Round 2 Other State
Agencies Portion Returned to Texas Portion Sent to Other States
REFUNDED Less Than Put In Federal Motor Fuel Tax Rates (Cents per
Gallon) Gas/gasohol: 18.4 Diesel: 24.4 State Motor Fuel Tax Rates
(Cents per Gallon) Gas/gasohol: 20.0 Diesel: 20.0 *The Federal
Government also imposes taxes on large trucks/trailers, truck
tires, and usage fees for large trucks. Fund 006 DPS
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- FUNDING SHORTFALLS Transportation funding shortfalls exist
across all levels of government (federal, state, regional, local)
Innovation and collaboration have become very important Traditional
funding sources are unreliable Shortfalls create project delays
Priorities are forced to change Highlights need to pursue
alternative, innovative funding options Toll roads Public-private
partnerships Managed (Express) Lanes
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- PROPOSITION 1 Prop 1 will appear on the November 4, 2014,
ballot for voter approval Proposed language: The constitutional
amendment providing for the use and dedication of certain money
transferred to the state highway fund to assist in the completion
of transportation construction, maintenance and rehabilitation
projects, not to include toll roads.
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- ELIGIBILITY FOR PROP 1 FUNDING Eligible projects include:
constructing, maintaining, and acquiring rights-of-way for public
roadways other than toll roads Not eligible: Toll roads or managed
toll lanes Programs (e.g., ITS, safety, signals,
bicycle/pedestrian) Transit projects
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- GENERAL PRINCIPLES OF PROP 1 Focus on large projects Focus on
projects on the interstate highway system, then other on-system
projects Few, if any, off-system projects Seeking very traditional,
roadway projects Projects should be ready for construction soon,
though not necessarily shovel-ready Projects must be in the current
mobility plan While maintenance projects are eligible, they should
not be a focus (except for in energy-producing areas)
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- PROP 1 ANTICIPATED FUNDING AMOUNTS Anticipate $1.4 - $1.7
billion available statewide in first year Dallas-Fort Worth regions
share would be approximately $200-300 million (in first year)
Annual allocations in the future, subject to legislative committee
review of Rainy Day fund
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- Source: Senator Robert Nichols, Chairman, Senate Transportation
Committee
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- MAJOR ROADWAY IMPROVEMENTS IN SE TARRANT COUNTY 12
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- QUESTIONS? 19 Christie J. Gotti Senior Program Manager NCTCOG
817/608-2338 cgotti@nctcog.org