Department of Transportation Budget Overview Assembly Budget Subcommittee #3 Department of 2013 Transportation
Source of Caltrans Funding FY 2013-14 Proposed Budget by Fund Sources of Funding: State Excise Tax on Fuel State Price-Based Excise Tax on Gasoline Prop 1B/1A Federal Trust 18% State Sales Tax on Diesel Fund 36% Federal Excise Tax on Fuel Reimbursements Commercial Vehicle Weight 14% Fees General Obligation Bonds State Highway Misc. Funds Account 4% 28% 2
Transportation Funding & Challenges Funding is complex Funding is insufficient Revenues and buying power have been declining due to economic pressures Scarce resources increases scrutiny of every priority Increasing external mandates Increasing demand for transportation 3
Annual Base Excise Tax Revenues $340 million Below Peak in 2006-07 Base Fuel Excise Tax History – Deposits to State Highway Account $2,200,000 (Dollars in Thousands) Diesel/Other Gasoline 2011-12 Total $2,000,000 $340M Dr $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 From peak in 2006-07, Fuel Tax revenues have declined to levels not seen since 1996-97. The most drastic drop can be seen in 2008-09, concurrent with the beginning of the “Great Recession.” 4
Base State Excise Tax Perspective It takes the revenue generated from the sale of 2.3 million gallons of gasoline to pay for the rehabilitation of one lane mile of highway - The amount contained in 3.5 miles of tanker trucks parked end-to-end. That's enough gasoline to drive an average car 55 million miles! 0.0 1.0 2.0 3.0 4.0 5
External Factors Limit Available Funding 6
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