show me the money! (introduction of transportation funding)
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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
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
Five Funding Sources
Federal State Local User fees Corporate/Private
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
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
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
Local Transportation Funding (continued)
Infrastructure Sales Tax 1% for capital projects by voter
referendum Seminole and Osceola have
implemented; Orange has not
Other Revenue Impact fees General revenue
Local Transportation Funding (continued)
User Fees
Tolls Transit fares Parking
Proportionate share agreements Private transportation facilities Public-Private Partnerships (PPP or
3P’s)
Corporate/Private
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
Opportunities
Presidential election
New federal transportation bill in 2009
Local option gas tax: $50 million/year
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
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
Strategy Conversation
Transportation Corridors Task Force July 22 or August 26
METROPLAN ORLANDO Board Workshop
September 10, 2008