Proposition 1 and selected transportation projects in Tarrant county
-
Upload
halla-guerrero -
Category
Documents
-
view
44 -
download
1
description
Transcript of Proposition 1 and selected transportation projects in Tarrant county
![Page 1: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/1.jpg)
PROPOSITION 1 AND SELECTED
TRANSPORTATION PROJECTS IN TARRANT COUNTY
SOUTHEAST TARRANT TRANSPORTATION PARTNERSHIPOCTOBER 8, 2014
![Page 2: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/2.jpg)
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
![Page 3: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/3.jpg)
TRANSPORTATION SYSTEM FUNDING BASICS
TxDOT BudgetPlan, Maintain & Build
Transportation Projects
Point of Collection*
Federal Highway Trust Fund
Highway Account Mass 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: 18.4Diesel: 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
![Page 4: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/4.jpg)
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
![Page 5: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/5.jpg)
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.”
![Page 6: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/6.jpg)
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
![Page 7: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/7.jpg)
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)
![Page 8: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/8.jpg)
PROP 1 – ANTICIPATED FUNDING AMOUNTS
• Anticipate $1.4 - $1.7 billion available statewide in first year
• Dallas-Fort Worth region’s share would be approximately $200-300 million (in first year)
• Annual allocations in the future, subject to legislative committee review of Rainy Day fund
![Page 9: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/9.jpg)
1 2 3 4 5 6 7 8$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Annual Severance Tax Allocation(Prior to 1988)
Total Oil and Gas Severance Tax Collected Per Year
Billion
s
General Revenue School Fund
25 Percent75 Percent
Source: Senator Robert Nichols, Chairman, Senate Transportation Committee
![Page 10: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/10.jpg)
1 2 3 4 5 6 7 8$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Annual Severance Tax Allocation(Current Law)
Total Oil and Gas Severance Tax Collected Per Year
Billi
ons
Rainy Day Fund
General Revenue
School Fund
25 Percent75 Percent
Source: Senator Robert Nichols, Chairman, Senate Transportation Committee
![Page 11: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/11.jpg)
1 2 3 4 5 6 7 8$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Annual Severance Tax Allocation(Proposed Amendment)
Total Oil and Gas Severance Tax Collected Per Year
Billi
ons
Rainy Day Fund
General Revenue
School Fund
25 Percent
Transportation Fund
75 Percent
Source: Senator Robert Nichols, Chairman, Senate Transportation Committee
![Page 12: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/12.jpg)
12
MAJOR ROADWAY IMPROVEMENTSIN SE TARRANT COUNTY
![Page 13: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/13.jpg)
13
![Page 14: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/14.jpg)
4
![Page 15: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/15.jpg)
15
![Page 16: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/16.jpg)
16
![Page 17: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/17.jpg)
17
![Page 18: Proposition 1 and selected transportation projects in Tarrant county](https://reader035.fdocuments.in/reader035/viewer/2022062721/5681366c550346895d9df92f/html5/thumbnails/18.jpg)