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Recommendations from the Minnesota Transportation Finance Advisory Committee www.mndot.gov/TFAC

KEEP MOVING TO KEEP AHEAD. Recommendations from the Minnesota Transportation Finance Advisory Committee www.mndot.gov/TFAC. To maintain what we have and position Minnesota for the future, we need to invest in our transportation infrastructure. Our transportation system needs to:.

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Recommendations from the Minnesota Transportation Finance Advisory Committee www.mndot.gov/TFAC

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  1. KEEP MOVINGTO KEEP AHEAD Recommendations from the Minnesota Transportation Finance Advisory Committee www.mndot.gov/TFAC

  2. To maintain what we have and position Minnesota for the future, we need to invest in our transportation infrastructure.

  3. Our transportation system needs to: • Help Minnesota businesses access labor, move products, prosper and stay in Minnesota • Help Minnesota compete for jobs, talent and economic growth with other states and regions that are investing in their transportation systems • Be designed to handle Minnesota’s growing and changing population • Be modern and better than ever before

  4. Over 70 leaders agree

  5. Our transportation system is a vital part of keeping Minnesotans connected.

  6. Keeping Minnesotans connected Our transportation system connects us to: • Easing commutes and giving businesses access to over 500,000 more employees

  7. Investment and growth How much do we drive?

  8. Our transportation system needs to accommodate our growth and changing population.

  9. Accommodate growth • The amount of goods we’re moving is growing by 2030

  10. Greater demands on our commutes

  11. Our transportation system is aging and needs updating.

  12. Our system is aging Seasonal changes, a short construction season and inadequate funding all contribute to the condition of our interstate highway pavements, placing Minnesota 44th in the nation.

  13. Our system is aging Minnesota has over:

  14. 50%of MnDOT’s pavements • are over 50 years old • 40%of MnDOT’s bridges • are over 40 years old

  15. Investing now The buying power of projected revenue is expected to decrease over the next 20 years.

  16. Projected growth* An expanded transit brings enhanced mobility to the region, which has benefits for both highway and transit users. * Itasca Project | Regional Transit System | ROI Assessment

  17. Investment and economic growth go hand in hand.

  18. Investment and growth We need a robust, efficient transit system to compete with other regions for jobs, talent and economic development.

  19. Investment and growth Other regions know transit matters and are investing more.

  20. Investment and growth Transportation investment would benefit all Minnesotans.

  21. Investment & economic growth

  22. Funding would come from 4 areas: System-wide revenue options for roads Transit related dedicated sales tax Local government revenue options Create innovative revenue options

  23. Keep moving to keep ahead • Minnesota’s transportation needs have to meet the needs of a growing population. • To compete economically, both regionally and nationally, an investment must be made or we will fall behind. • Our economic viability, as well as the quality of life for all Minnesotans depends on a sound transportation system.

  24. Minnesota Transportation Finance Advisory Committee www.mndot.gov/TFAC

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