A Multifaceted Transportation Funding Approach for Rural Chelan
Transcript of A Multifaceted Transportation Funding Approach for Rural Chelan
A Multifaceted Transportation Funding Approach for Rural Chelan County, Washington
2009 ITEQuad Conference
Vancouver, British Columbia
Chelan County Facts
• 2008 Population ~ 72,000• 31,000 in unincorporated
areas• 31,000 in City of
Wenatchee• 10,000 in 4 other cities in
the County• 1.8% average annual
growth rate from 1990• Over 54,000 Licensed
Drivers• Over 82,000 Licensed
Vehicles
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Chelan County’s Economy
• Government• Health Care / Social
Services• Agriculture• Retail / Wholesale
Trade• Tourism /
Recreation
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Transportation Improvement Program Costs: 2008-2027
$187 million
$201 million
$114 million
Total $502 million
(All costs in 2008 dollars)
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Historical and Projected Maintenance & Operations Costs
$-
$5
$10
$15
$20
$25
1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 2020 2023 2026
Mil
lio
ns
Nominal
Real (2008$)
SOURCE: Chelan County Transportation Funding Report, Berk & Associates, March 19, 2009
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Existing Funding Sources: 2008-2027
Property Tax55%
REET3%Other Local Funding
1%
State Fuel Tax24%
State Funds6%
Federal Funds11%
SOURCE: Chelan County Transportation Funding Report, Berk & Associates, March 19, 2009
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Existing Revenues Will Buy Less:Property Tax for Transportation per Capita
• Bullet List 1• Bullet List 2
• Bullet List 3• Bullet List 4
$-
$50.00
$100.00
$150.00
$200.00
$250.00
1994 1997 2000 2003 2006 2009 2012 2015 2018 2021 2024 2027
Nominal
Real (2008$)
SOURCE: Chelan County Transportation Funding Report, Berk & Associates, March 19, 2009
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Program Costs Greatly Exceed Revenues from Existing Sources
Comparison of Transportation Revenues and Costs from 2008 to 2027
($331 million)$502 million$171 millionTotal Transportation Program
($275 million)$315 million$40 millionCapital Improvements2
($56 million)$187 million$131 millionMaintenance & Operations
Difference1
Total Estimated
Costs1
(2008-2027)
Total Estimated Revenues1
(2008-2027)
1.All costs and revenues in 2008 dollars. (xxx) means negative value.
2.Includes reconstruction and non-motorized enhancements and growth-related new construction and upgrade projects.
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Chelan County’s Transportation Priorities
The public and stakeholders identified these priorities:
• Maintaining and upgrading existing roadways• Safety• Pedestrian and bicycle transportation
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Transportation Funding Program –Guiding Principles
• New development should fund its share of expanding and upgrading the transportation system
• Use the County’s broad funding sources, such as the Road Levy (property tax), to fund maintenance, operations & the highest priority capital improvements
• Reserve potential regional funding programs to partner with other agencies for improving transportation facilities of countywide or regional significance
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Transportation Impact Fees (TIF)
• Define eligible, growth-related improvements• Potential revenues: $30 - $88 million
• Depending on which level of improvements are included• In 2008 dollars
• Resulting TIF rates• Approx. $400 - $800 per net new daily trip generated –
all potentially eligible TIF projects• Approx. $100 - $300 per net new daily trip generated –
including only the highest priority TIF projects
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Sustaining the County’s Road Levy
• Value of Property Tax funded Road Levy has declined at over 3% per year since passage ofI-747 in 2001
• Short-term strategy:• County Commissioners adopted use of previously
unused “banked capacity” for 2009 ~ $1.1 million / year
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Sustaining the County’s Road Levy
• Long-term strategy:• Continue use of “banked capacity”• Ask voter approval for additional levy lifts
~ $20 million in revenue (2008-2027) with average annual increase of 2%
• Average annual increase of 4.5% needed to offset projected $56 million shortfall in maintenance & operations
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Other Funding
• Grants• State and federal transportation• Economic development grants• Flood control
• Loans &/or bonding• Not new revenues• Accelerate funding for highest priority projects
• Local Improvement Districts / Road Improvement Districts• Focused on specific areas • Useful for local street improvements• Potential vote
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Chelan County Funding Toward Regional Transportation Improvements
• Regional highway projects• Regional trails
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Transportation Benefit District (TBD)
• Regionally significant projects• Construction, operation, maintenance• Chelan County individually or in partnership with
other agencies• Range of financing mechanisms
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Transportation Benefit District (TBD)Potential Revenues
• TBD for unincorporated County • Sales and use tax ~ $9 million• $20 per vehicle license fee ~ $8 million• $100 per vehicle license fee ~ $40 million
• TBD for all of Chelan County, including cities• Sales and use tax ~$37 million• $20 per vehicle license fee ~ $18 million• $100 per vehicle license fee ~ $90 million
(All revenues in 2008 dollars for 2008-2027 plan)Slide 20
Financing Summary
• Estimated project & program costs* $251 - $502 million
• Estimated revenues** $210 - $364 million
• Difference ($41 - $138 million)
* Does not include potential Chelan County contribution toward regional transportation improvements
** Does not include funding through developer concurrency, road standards, or environmental mitigation
(All costs and revenues in 2008 dollars for 2008-2027 plan)
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Acknowledgements
• Chelan County• Board of County Commissioners• Agency Steering Team• Stakeholder Advisory Group
• Berk & Associates • For further information:
Larry Toedtli, PETranspo [email protected]
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