highway improvement program funding status with arra
DESCRIPTION
Highway Improvement Program Funding Status With ARRA. Rhode Island Department of Transportation April 8, 2010. Federal Funds. GARVEE. Residual Gas Tax. State Match. GO Bonds. Highway Program $199 M. Debt Service $ 97 M. Operations & Maintenance $41 M. - PowerPoint PPT PresentationTRANSCRIPT
Highway Improvement Program Funding Status With ARRA
Rhode Island Department of TransportationApril 8, 2010
Page 2
General Obligation(GO) Bonds
$ 40 MGas Tax$ 90 M
FY 2010 RIDOT Highway and Bridge Program Funding Sources and Uses
Federal Funds$207 M
Highway Program$199 M
Federal Funds
State Match
Debt Service$ 97 M
GO Bonds
GARVEE
Operations & Maintenance$41 M
ResidualGas Tax
Grant Anticipation Revenue Vehicle
Page 3
Federal Highway Funding• Annual Funding Level Established by Congress • Rhode Island receives about $2.20 in federal highway funding
for every $1.00 paid by Rhode Islanders
HighwayProgram
Funding $207
GARVEE Debt Service, $48
Federal Funding Provided to Rhode IslandIn Millions
Federal Funds$207 M
Page 4
Federal Funds
Gas Tax
State Appropriations
Motor Vehicle
Fees
Federal Funds
Gas Tax
Tolls
Bonds
Fees
Federal Funds
Tolls
State Appropriations
Bonds
Fees
Federal Funds
Gas Tax
Tolls
Appropriations and Other
State Funds
Bonds
Fees
Federal Funds
Gas Tax
TollsBonds
0%
20%
40%
60%
80%
100%
Connecticut Delaware Massachusetts NewHampshire
Rhode Island
Comparison of Highway Funding for 2007Million Dollars
Page 5
RIDOT Highway Program Annual Needs Compared with Anticipated Resources
Federal
Gas Tax
GO Bonds
Debt Service
Operations/Maintenance
Highway Program
0
100
200
300
400
500
600
700
Resources Needs
$ 639 Million$ 337 Million
Annual Funding Gap: $302 Million
Page 6
Highway Funding Available For New ProjectsDepends on Federal Funding Provided by Congress
$158
$211
$346
$211 $221 $231
$208
$126
$97$91$114 $114
$229
$158$158
$38 $34
$53
$0
$50
$100
$150
$200
$250
$300
$350
$400
2007 2008 2009 2010 2011 2012
Mill
ions
Year
Fede
ral F
unds
Total Federal Funding Provided
Federal Funding Available for New Projects
Slight Increase in Funding
SAFETEA-LU Minimum
Slight Decrease in Funding
AMERICAN RECOVERYAND REINVESTMENT ACT OF 2009 (ARRA)
ARRA
BACKGROUND:
Federal Program Shortfall Decreased amount to States Spike in materials costs Earmarked funds GARVEE – used to fund large projects:
Iway (Relocated Interstate I-195) Relocated Route 403 FRIP (Freight Rail Improvement Project) Sakonnet River Bridge Washington Bridge
Created a backlog of projects
ARRA
AMERICAN RECOVERY & REINVESTMENT ACT
$137 million in additional funds to RI (100% Federal)
Approximately 50% must be authorized in first 120 days 100% must be authorized within first year Construction must be completed within 3 years of bill signing
ARRA
PROJECTS INCLUDED:
initially 54 Projects low bids received due to competition 8 additional projects let
Total of 62 Projects
ARRAPROJECT TYPES:
Bridges (8) Resurfacing (120 miles) Sidewalks (38 miles) Traffic Signals (46) Signing Striping Landscaping Enhancement Drainage Environmental
ARRA
CREATION OF JOBS:
In RI $94 million in wages earned by 1929 workers on recovery projects 81% of work to RI companies
Work was spread out over 38 of 39 communities (ex. Block Island)
ARRA
PROJECT DELIVERY:
As of 2/23/10, all funding was obligated
RI ranked 11 of 50 States in project delivery by AASHTO
projects completed (20) currently under construction (25) in bidding/award process (17)
Considerable work will be under construction in 2010.
ARRARILEAP (Rhode Island Local Equity Assistance Program)
In order to allow municipalities to benefit from Stimulus funds received byRIDOT, we created program to distribute funding to each city and town.
Funds allocated from regular Federal program Communities with > 15 miles on FAS (Federal Aid System) receive Federal Funds
(16 communities) Range from $350k to 2.5 million (Providence) All communities receive flexible State funding
<15 miles on FAS $250k>15 miles on FAS $150k
Total $20,150,000.00 ($12 million Federal, $8.15 million State)
ARRA
BLUE RIBBON PANEL FINDINGS:
An additional $300 million needed annually for 10 years to bring transportation infrastructure to a state of good repair in RI
Rt. 6/10 Interchange, Providence Viaduct, Pawtucket Br #550 Maintenance-level projects for roadways Bridges – 184 Structurally Deficient, 232 Functionally Obsolete
(2007)
ARRA
FUTURE:
Where do we go from here?Good news – backlog has been eliminated
Re-authorization of Transportation Bill – 3/2010 Second Stimulus Bill? TIGER Grant – RIDOT unsuccessful – Providence Viaduct Sakonnet River Bridge tolls?
Transportation Investment Generating Economic
Recovery