Show Me The Money!(Introduction of Transportation

Funding)

Transportation Corridors Task Force

June 24, 2008

Harold W. Barley, Executive Director

Purpose

Overview of the five funding sources

Identify concerns and opportunities

Preparation for strategy conversation

Five Funding Sources

Federal State Local User fees Corporate/Private

Federal Transportation Funding

Federal Transportation Trust Fund 18 cents/gallon gas tax – since 1993! Gas sales (and taxes) are declining Formula funds – discretionary funds-

earmarks Florida’s a donor state

State Transportation Funding

State Transportation Trust Fund Now about 18 cents/gallon gas tax –

indexed Diversions Formula funds – discretionary funds Central Florida’s a donor region

Local Transportation Funding

Gas Taxes Counties can do up to 12 cents/gallon Seminole, Osceola: 7 cents/gallon;

Orange: 6 cents/gallon

Voter referendum or super-majority Commission vote

Local Transportation Funding (continued)

Infrastructure Sales Tax 1% for capital projects by voter

referendum Seminole and Osceola have

implemented; Orange has not

Other Revenue Impact fees General revenue

Local Transportation Funding (continued)

User Fees

Tolls Transit fares Parking

Proportionate share agreements Private transportation facilities Public-Private Partnerships (PPP or

3P’s)

Corporate/Private

Concerns

Waning commitment to infrastructure Insolvency of Federal Transportation

Trust Fund Current gas tax yield is not sustainable Statewide referendum in November 2008 Lynx funding

Opportunities

Presidential election

New federal transportation bill in 2009

Local option gas tax: $50 million/year

Opportunities (continued)

Local option rental car surcharge: $50 million/year

1% Orange infrastructure sales tax: $350 million/year

1% Charter County Transportation Sales Tax: $470 million/year

Opportunities (continued)

Toll rate level and structure Parking rates; free and subsidized parking Leverage local dollars – federal and state

match Flexibility with highway and transit

dollars

Strategy Conversation

Transportation Corridors Task Force July 22 or August 26

METROPLAN ORLANDO Board Workshop

September 10, 2008