2015 UNIFIED TRANSPORTATION PROGRAM (UTP) AND PROPOSITION 1 UPDATE Texas Transportation Commission July 31, 2014 Footer Text Date
UTP update cycle: spring through summer 2014 2014 UTP 2015 UTP Finance Division Provides Cash Flow Forecast Texas Transportation Planning and Transportation Programming Division distributes Commission category allocations to approves UTP districts/local partners. Districts/local partners program known projects for Adjustments all UTP years by category. Review and comment period 2015 Unified Transportation Program (UTP) July 31, 2014 2
UTP development and public involvement process Project Funding MPOs Requests to Address Introduce Commission TxDOT Districts Supplemental Local Needs and briefing to highlight key program Priorities Others authorization changes proposed for Admin. Category consideration. Revisions Allocations and Program and Category Category 3 and 12 Changes Changes Final Draft Exhibit Commission Online Final Initial Commission briefing on Public (WebEx) UTP action to Draft key UTP notice public approve UTP Exhibit revisions Public meeting hearing Public Involvement and Comment Period (30-day minimum) 3 8 0 1 2 4 5 6 7 Approximate Time Line (weeks) 2015 Unified Transportation Program (UTP) July 31, 2014 3
DRAFT 2015 UTP: Current Funding Category Balances 11 - District Discretionary 10 - Supplemental FY 2015-2024 2% Transportation Projects FY 2 201 015 – 202 2024 UTP 2% UTP F P Fund unding L g Level: 9 - Transportation Enhancements $33.989 B $34.0 B Billi lion on 2% 1 – Preventative 3 - Non-traditionally Maintenance and Funded Transportation Rehabilitation Projects Various 35% 20% 26% Preserv. 49% Mobility 12 - Strategic Priority 25% 8% 7 - Metropolitan Mobility/Rehabilitation 6 - Structures 8% 9% 8 - 5 - Congestion Mitigation and Safety Air Quality Improvement 5% 5% 4 - Statewide Connectivity 2 - Metro and Urban Area Corridor Projects Corridor Projects 0% 4% 2015 Unified Transportation Program (UTP) July 31, 2014 4
Funding adjustments and MAP-21 status update Based on updated financial forecast from February of 2014 – Does not assume increased obligation authority for MAP-21 extension or additional state funds for proposition 1. – Includes additional state funds to utilize savings from prop 14 debt service updates. – Includes additional TMF bond proceeds based on updated revenue estimates. – Includes additional year of program funding (2024). Awaiting final action on federal highway funding bill extension – House: $11 billion extension to May of 2015. – Senate: $8 billion extension to December 19, 2014. – House and Senate must reconcile difference by COB today (July 31 st ) or August recess may push trust fund into insolvency. 2015 Unified Transportation Program (UTP) July 31, 2014 5
Key changes proposed for consideration Fund allocations for priorities announced in June – Additional safety/maintenance and energy sector projects – Multimodal projects – Strategic corridors Up to $400K of federal STP funding for abandoned railroad right of way preservation with NETRMA. – 6 month funding window for Union Pacific and NETRMA to negotiate – NETRMA would provide local funding match – Commission will review and approve funding agreement 2015 Unified Transportation Program (UTP) July 31, 2014 6
Next steps in 2015 UTP process Public comment period thru August 19 @ 4:00 p.m. – Submit online comments and get information at: • Http://www.Txdot.Gov/inside-txdot/division/transportation- planning/utp.Html (or web search: ‘TxDOT UTP’) – Call: (800) 687-8108 Public hearing: August 12 @ 10:00 a.m. • 118 E. Riverside Dr., Bldg. 118 • Austin, TX 78704 Commission consideration for final adoption: August 28 2015 Unified Transportation Program (UTP) July 31, 2014 7
Transportation funding ballot proposition (proposition 1) Texas voters will vote on a proposed amendment on November 4, 2014. The ballot proposition will read: The constitutional amendment providing for the use and dedication of certain money transferred to the state highway fund to assist in the completion of transportation construction, maintenance, and rehabilitation projects, not to include toll roads. If Proposition 1 is passed, the funds when appropriated “must be used and allocated throughout the state by the Texas Department of Transportation consistent with existing formulas adopted by the Texas Transportation Commission.” Source: HB1, Third Called Session, 83rd Legislature 2015 Unified Transportation Program (UTP) July 31, 2014 8
Transportation funding ballot proposition (Proposition 1) Basic tenets of conceptual distribution approach: Funds should be used to address state’s four goals: – Maintain a safe system – Address congestion – Connect Texas communities – Best in class state agency Funds should be distributed in proportion to the state’s $5 billion in additional annual funding needs: – $3 billion for Congestion/Connectivity (60%) – $1 billion for Maintenance (20%) – $1 billion for Energy Impacts (20%) Target initial projects that can proceed in FY 2015 2015 Unified Transportation Program (UTP) July 31, 2014 9
Transportation funding ballot proposition (Proposition 1) On-going efforts to develop distribution approach: Evaluate existing formulas for potential distributions – Category 2 and Category 11 (regionally aggregated for corridor projects) as potential formula for Congestion & Connectivity – Category 1 as potential formula for Maintenance – HB 1025 as potential formula for Energy Impacts Gather input from stakeholders and refine approach as needed Update Commission in August Provide recommendation to Commission in September 2015 Unified Transportation Program (UTP) July 31, 2014 10
Questions? 2015 Unified Transportation Program (UTP) July 31, 2014 11
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