Department of Transportation Budget Overview Assembly Budget - PowerPoint PPT Presentation

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