TAQC Virtual Meeting June 11, 2020 Agenda for Todays Meeting - PowerPoint PPT Presentation

TAQC Virtual Meeting June 11, 2020

Agenda for Today’s Meeting • Chattahoochee RiverLands Study (FIRST READ) • Early Impacts of COVID-19 on Transportation Finances • TIP Solicitation Update 2

Early Impacts of C COVID-19 on Travel and Transportation Finances

Key Points • Transportation revenues are tied to the economic conditions, most particularly with travel and sales taxes. • The federal Highway Trust Fund receipts were down 49% in May. This is the primary source of federal funds. • State motor fuel tax receipts were down nearly 26% in May. • Local government sales tax revenues vary and there is a lag in reporting. April sales tax receipts were down approximately - 14.%. 4

U.S .S. . Refiners are Producing 32% Less Gasoline Compared to January ry Highs Reflecting Decreased Travel U.S. Refiner Weekly Production of Finished Motor Gasoline (Thousand Barrels per Day) 2,000 1,825 1,710 1,800 1,664 1,631 1,519 1,558 1,618 1,767 1,517 1,600 1,387 1,558 1,400 1,247 1,243 1,171 1,514 1,168 1,449 1,205 1,136 1,200 1,021 1,223 1,000 1,118 1,017 800 600 400 200 0 3-Jan 10-Jan 17-Jan 24-Jan 31-Jan 7-Feb 14-Feb 21-Feb 28-Feb 6-Mar 13-Mar 20-Mar 27-Mar 3-Apr 10-Apr 17-Apr 24-Apr 1-May 8-May 15-May 22-May 29-May 5-Jun Source: U.S .S. . Energy In Information Administration https://www.e .eia.gov/petroleum/supply/weekly/ 5

Georgia Vehicle Travel Trends Since March NOTE: VMT estimates wil ill not t match FHWA HPMS data due to dif iffering methodologies . Source: Streetlight.c .com https://www.streetlightdata.com/VMT-monitor-by-county/#emergency- map-response 6

Regional Vehicle Travel Trends Since March NOTE: VMT estimates wil ill not t match FHWA HPMS data due to dif iffering methodologies . Source: Streetlight.c .com -https://www.streetlightdata.com/VMT-monitor-by-county/#emergency- map-response 7

TIP Solicitation Update

TIP IP Solicitatio ion Updates • ARC released on May 28 staff-level recommendations for funding in three federal funding categories: o Surface Transportation Block Grant Program (STBG) o Transportation Alternatives Program (TAP) o Congestion Mitigation and Air Quality Program (CMAQ) • Based on discussions with policy-makers recommendations are limited to FY 2021 • Will revisit funding availability later in 2020 calendar and provide additional recommendations for FY 2021 and beyond – subject to project delivery and available funding levels • All recommendations require MPO committee approvals (TCC and TAQC) 9

TIP IP Solicitatio ion Funding Recommendations Summary ry • ARC staff was able to open up some additional funding availability in FY 2021 in the STBG category by using the latest federal appropriations levels from GDOT • STBG recommendations - $30.9 million: o 5 LCI projects (5): $10.2 million o 6 Non-LCI projects (currently in TIP): $11.3 million o 10 Non-LCI projects (not currently programmed): $7.3 million o 10 Studies: $2.1 million • TAP recommendations – 7 projects, $6.1 million • CMAQ recommendations – 4 projects, $6.7 million 10

TIP IP Solicitatio ion Moving Forw rward • Requires a conformity-related TIP Amendment that will occur this summer • All recommendations subject to MPO committee approval (TCC and TAQC) • Project delivery is key this year. If both new and existing projects in the TIP slip from FY 2021 to FY 2022, FY 2022 will be even more tight financially than FY 2021. • Available funding balances increase in FY 2023 and beyond. 11

Other Items and Announcements

Adjourn