Department of Transportation Budget Overview Assembly Budget - - PowerPoint PPT Presentation

Department of Transportation

2013

Department of Transportation Budget Overview

Assembly Budget Subcommittee #3

Source of Caltrans Funding

Prop 1B/1A 18% Reimbursements 14%

• Misc. Funds

4% State Highway Account 28% Federal Trust Fund 36%

FY 2013-14 Proposed Budget by Fund

Sources of Funding:

 State Excise Tax on Fuel  State Price-Based Excise Tax

• n Gasoline

 State Sales Tax on Diesel  Federal Excise Tax on Fuel  Commercial Vehicle Weight

Fees

 General Obligation Bonds

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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

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Annual Base Excise Tax Revenues $340 million Below Peak in 2006-07

$1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 $2,200,000 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

Base Fuel Excise Tax History – Deposits to State Highway Account

(Dollars in Thousands)

Diesel/Other Gasoline 2011-12 Total

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.”

$340M Dr

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Base State Excise Tax Perspective

0.0 1.0 2.0 3.0 4.0

It takes the revenue generated from the sale of 2.3 million gallons of gasoline to pay for the rehabilitation

• f 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!

External Factors Limit Available Funding

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