Texas Highway Funding: The Short Story How did we get in this hole? - PowerPoint PPT Presentation

Nov 29, 2022 •660 likes •786 views

Oak Hill Parkway Presentation Texas Highway Funding: The Short Story How did we get in this hole? Its all about supply and demand 238% 172% 125% 19 % population vehicles highway use highway space How did we get in this hole? Financing for

Oak Hill Parkway Presentation Texas Highway Funding: The Short Story
How did we get in this hole? It’s all about supply and demand 238% 172% 125% 19 % population vehicles highway use highway space
How did we get in this hole? Financing for our roads is stuck $3.70 back in the last century $1.11 Gallon of Gas Gas Tax Portion $0.38 1993 2013
The Downside of Fuel Efficiency 24 750 Fuel Efficiency (in MPG) Gallons of Gasoline Used Fuel Efficiency (Miles per Gallon) 22 700 Gallons of Gasoline 20 650 18 600 16 550 14 500
7.8 7.2 2012 9.2 8.5 2011 9.9 9.1 2010 Effective Federal Tax Tax Rate Adjusted by Inflation in Roadway Construction Costs Effective State Tax 9.6 8.9 2009 7.6 7.0 2008 Purchasing Power of the Motor Fuels Tax 8.5 7.9 2007 Rate Rate 8.4 7.7 2006 9.6 8.8 2005 12.0 11.0 2004 13.5 12.4 2003 13.6 12.5 2002 13.1 12.1 2001 13.9 12.8 2000 13.9 12.8 1999 14.8 13.6 1998 16.1 14.8 1997 16.6 15.3 1996 17.1 15.7 1995 17.6 16.2 1994 18.1 18.4 1993 18.9 13.3 1992 20.0 14.1 1991 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Cents Per Gallon
What will happen: Motor fuel tax revenue (in $ billions) $3.5 Diesel $3.0 $2.5 $2.0 $1.5 Gasoline $1.0 $0.5 $0.0 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029
How do we pay for our roads ? 2014 Revenue Other 4% Fuel Tax 20% Debt financing has Bonds/Borrowing 28% now Registration Fee 13% surpassed revenue from Federal Funds the state gas 35% tax
Business Cost of Congestion Distance traveled to connect with customers in 30 minutes Missed Missed opportunity opportunity With congestion Without congestion
Business Cost of Congestion Commuting distance for employees in 1 hour Missed Missed opportunity opportunity With congestion Without congestion
What do we Know? Funding has not kept pace with demand – Mobility will get worse : how much depends on our efforts – The cost of doing nothing is high !
What’s Next? Increase the Fuel Tax ? Property Tax ? Public/Private Index the Fuel Tax ? Partnerships ? Increase the Toll Roads ? Registration Fee ? Drive Less ? Vehicle Mile Fee ? Move Somewhere Else? Local Transportation Taxes ?
If you want a change http://mobility.tamu.edu/mip/rpm.php BE BETTER INFORMED | BE MORE INVOLVED | VOICE YOUR CONCERNS

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