Date post: | 24-Dec-2015 |
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About the Revenue Study
• Goal: To develop legislative approaches that produce funding for state transportation needs
• Study advisory committee sought strategies to return transportation funding to the level of a base year -- 2000
Travel Delays
Transportation & the Economy
Safety Ecology
Vehicle Operation
DEFICIENT SYSTEMS Cost Households and Businesses
EFFICIENT SYSTEMS Benefit Households and Businesses
Productivity
Access
Income
↓
- $7Billion
- $8Billion
Federal Funding:Deficit in Highway Trust Fund
2008 2010Before 2008
$0
Cents Per Gallon
Gas = 18.4Diesel = 24.4
2015
On any given year, 8% is transferred to:
And then there are raids…
State Transportation Trust Fund
Education Tourism Other
676.4million
2001-2011
General Fund
99/00
00/01
01/02
02/03
03/04
04/05
05/06
06/07
07/08
08/09
09/10
10/11
11/12
12/13
13/14
14/15
15/16
16/17
17/18
18/19
19/20
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
33%
82%
25%
69%
57%
7% 8%
Variables Affecting The Purchasing Power of Transportation Revenues
Sources: FDOT 2009 Source Book of Florida Highway Data, Oct 2011 REC & 2012-2025 CAFE Preliminary
Estimate Vehicle Miles Traveled (VMT)
Fuel Efficiency (CAFE Adjusted)
Inflation (CPI)
Highway Fuel Use (CAFE Adjusted)
Perc
ent I
ncre
ase
State Transportation Trust Fund Purchasing Power
MPOAC TRANSPORTATION REVENUE STUDY
10
99/0000/01
01/0202/03
03/0404/05
05/0606/07
07/0808/09
09/1010/11
11/1212/13
13/1414/15
15/1616/17
17/1818/19
19/20 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
State Transportation Taxes & Fees $12.1 Billion In Lost Purchasing Power
In Current $ - Adjusted for Growth In Vehicle Miles Traveled
Non-Indexed Taxes, Fees & SurchargesIndexed Motor Fuel TaxesDoc Stamps, Local Option Distribution & Take Backs Revenue Needed to Maintain FY 99/00 Purchasing Power Per VMT Adjusted for Inflatioin
In $
Mill
ions
MPOAC TRANSPORTATION REVENUE STUDY
TRANSPORTATIONTo return transportation to year 2000 levels, we need:
HOUSEHOLD PURCHASESFor every $1,000 we spend on items such as shoes, groceries and furniture, we need $330 more today than in 2000 – for the same purchases.
Purchasing Power: 2000 vs. 2012
$12.1 billion more
PerYear
State - $830 million
Local - $X million
One Cent Municipal Optional Sales Tax
• Expands flexibility on sales tax option to allow cities to impose sales tax without county consent
• State legislative action and local referendum required
PerYear
State - $803 million
Local - $X million
Increase State Fuel Tax
• Increases state fuel tax by 10 cents over five years (2 cents per year); automatically adjusted for inflation
• State legislative action required
PerYear
State - $413 million
Local - $X million
Return All Motor Vehicle Fees to State Transportation Trust Fund
• Redirects all motor vehicle fees from state’s general revenue to transportation trust fund
• State legislative action required
PerYear
State - $115 million
Local - $X million
Index All Local Fuel Taxes
• Local fuel taxes would be automatically adjusted for inflation
• State legislative and local action required
PerYear
State - $72 million
Local - $X million
Five Cent Local Diesel Tax
• Adds five cents to local diesel tax, for a total of 12 cents; revenues to be spent on projects helping freight movement
• State legislative and local action required
Vehicle Miles Traveled (VMT) Study
• Fund an extensive study of replacing fuel tax with a charge on miles traveled
• Potential yields not available
• State legislative action required
Other OptionsRevenue Option Statewide Potential
Yield Per YearSales Tax on Motor Vehicle Parts & Services(move from general revenue to trans. trust fund)
$666 million
Regional Transportation Financing Authority(@ $100 million/year)
$400 million
New Toll Projects $306 million
Optional $10 Local Vehicle Registration Fee(to pay for public transportation)
$155 million
Replace State Fuel Tax with 6% Sales Tax $136 million
Expand State Alternate Fuel Decal Program $26 million
Electric Vehicle Sales Tax (move from general revenue to trans. trust fund)
$9 million
Toll Rate Making(create independent commission to set rates)
n/a
How You Can Help
• Learn more about how transportation works
• Help educate your neighbors on the need for investments in transportation
• Invite us to speak at other groups you’re involved with