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Transportation Funding

Transportation Funding. Federal, State and Local Funding. Volusia TPO Board Retreat February 8, 2013. Federal FUNDing. The U.S. Highway Trust Fund receives money from fuel and excise taxes. 18.3 cents per gallon for gasoline 24.4 cents per gallon for diesel There are three accounts:

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Transportation Funding

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  1. Transportation Funding Federal, State and Local Funding Volusia TPO Board Retreat February 8, 2013

  2. Federal FUNDing The U.S. Highway Trust Fund receives money from fuel and excise taxes. • 18.3 cents per gallon for gasoline • 24.4 cents per gallon for diesel There are three accounts: • Highway • Mass Transit • Leaking Underground Storage

  3. MAP-21Moving Ahead for Progress in the 21stCentury Transportation Authorization Bills • Signed by President on June 6, 2012 • 27 month transportation bill • Stabilizes funding • National: FY 2012 & 2013 - $37,476,819,674 FY 2014 - $37,798,000,000 • Florida: FY 2012 & 2013 - $1,835,227,993 FY 2014 - $1,850,956,092

  4. Issues FOR Federal Funding • Revenues from the tax on highway fuels represent 90% of the receipts that accrue to the Federal Highway Trust Fund • Revenues linked to vehicle miles traveled and vehicle fleet efficiency (fuel use) • Federal highway taxes flat cents per gallon, not adjusted for inflation and not adjusted since 1997 • Highway Trust Fund balance has been in a steady decline requiring federal General Fund infusions to ensure its solvency • $8.017 billion in September 2008 • $7 billion in August of 2010

  5. Issues FOR Federal Funding

  6. STATE FUNDING

  7. Loss in Purchasing Power

  8. Trust fund diversion

  9. Consolidation

  10. Local funding Gas Tax Collections

  11. Impact fee collection $65M Bond Debt Service Line Impact fees not covering bond debt.

  12. What does this mean • Build less • Increase revenues • Plan differently • Change the way we travel Thank you!

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