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

▶

Nov 29, 2022 660 likes •787 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

SLIDE 1

Texas Highway Funding: The Short Story

Oak Hill Parkway Presentation

SLIDE 2

How did we get in this hole?

It’s all about supply and demand

125% 172%

19%

238%

population vehicles highway use highway space

SLIDE 3

How did we get in this hole?

Financing

for our roads is stuck back in the last century

$1.11 $3.70

Gallon of Gas Gas Tax Portion $0.38

1993 2013

SLIDE 4

500 550 600 650 700 750 14 16 18 20 22 24

Gallons of Gasoline Fuel Efficiency (Miles per Gallon) Fuel Efficiency (in MPG) Gallons of Gasoline Used

The Downside of Fuel Efficiency

SLIDE 5

Purchasing Power of the Motor Fuels Tax

Tax Rate Adjusted by Inflation in Roadway Construction Costs

14.1 13.3 18.4 16.2 15.7 15.3 14.8 13.6 12.8 12.8 12.1 12.5 12.4 11.0 8.8 7.7 7.9 7.0 8.9 9.1 8.5 7.2 20.0 18.9 18.1 17.6 17.1 16.6 16.1 14.8 13.9 13.9 13.1 13.6 13.5 12.0 9.6 8.4 8.5 7.6 9.6 9.9 9.2 7.8

0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Effective State Tax Rate Effective Federal Tax Rate Cents Per Gallon

SLIDE 6

What will happen: Motor fuel tax revenue (in $ billions)

$0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029

Diesel Gasoline

SLIDE 7

How do we pay for our roads?

Fuel Tax 20% Registration Fee 13% Federal Funds 35% Bonds/Borrowing 28% Other 4%

2014 Revenue

Debt financing has now surpassed revenue from the state gas tax

SLIDE 8

With congestion Without congestion

Business Cost of Congestion

Distance traveled to connect with customers in 30 minutes

Missed

pportunity

Missed

pportunity

SLIDE 9

With congestion Without congestion

Business Cost of Congestion

Commuting distance for employees in 1 hour

Missed

pportunity

Missed

pportunity

SLIDE 10

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!

SLIDE 11

Property Tax? Public/Private Partnerships? Toll Roads? Drive Less? Move Somewhere Else?

What’s

Next?

Increase the Fuel Tax? Index the Fuel Tax? Increase the Registration Fee? Vehicle Mile Fee? Local Transportation Taxes?

SLIDE 12

BE BETTER INFORMED | BE MORE INVOLVED | VOICE YOUR CONCERNS

If you want a

change

http://mobility.tamu.edu/mip/rpm.php