show me the money! (introduction of transportation funding)
DESCRIPTION
Show Me The Money! (Introduction of Transportation Funding). Transportation Corridors Task Force June 24, 2008 Harold W. Barley, Executive Director. Purpose . Overview of the five funding sources Identify concerns and opportunities Preparation for strategy conversation. - PowerPoint PPT PresentationTRANSCRIPT
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Show Me The Money!(Introduction of Transportation
Funding)
Transportation Corridors Task Force
June 24, 2008
Harold W. Barley, Executive Director
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Purpose
Overview of the five funding sources
Identify concerns and opportunities
Preparation for strategy conversation
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Five Funding Sources
Federal State Local User fees Corporate/Private
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Federal Transportation Funding
Federal Transportation Trust Fund 18 cents/gallon gas tax – since 1993! Gas sales (and taxes) are declining Formula funds – discretionary funds-
earmarks Florida’s a donor state
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State Transportation Funding
State Transportation Trust Fund Now about 18 cents/gallon gas tax –
indexed Diversions Formula funds – discretionary funds Central Florida’s a donor region
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Local Transportation Funding
Gas Taxes Counties can do up to 12 cents/gallon Seminole, Osceola: 7 cents/gallon;
Orange: 6 cents/gallon
Voter referendum or super-majority Commission vote
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Local Transportation Funding (continued)
Infrastructure Sales Tax 1% for capital projects by voter
referendum Seminole and Osceola have
implemented; Orange has not
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Other Revenue Impact fees General revenue
Local Transportation Funding (continued)
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User Fees
Tolls Transit fares Parking
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Proportionate share agreements Private transportation facilities Public-Private Partnerships (PPP or
3P’s)
Corporate/Private
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Concerns
Waning commitment to infrastructure Insolvency of Federal Transportation
Trust Fund Current gas tax yield is not sustainable Statewide referendum in November 2008 Lynx funding
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Opportunities
Presidential election
New federal transportation bill in 2009
Local option gas tax: $50 million/year
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Opportunities (continued)
Local option rental car surcharge: $50 million/year
1% Orange infrastructure sales tax: $350 million/year
1% Charter County Transportation Sales Tax: $470 million/year
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Opportunities (continued)
Toll rate level and structure Parking rates; free and subsidized parking Leverage local dollars – federal and state
match Flexibility with highway and transit
dollars
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Strategy Conversation
Transportation Corridors Task Force July 22 or August 26
METROPLAN ORLANDO Board Workshop
September 10, 2008
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