Post on 24-Feb-2016
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• Texas has a long legacy of good roads• Symbol of our economic prosperity, attracting jobs
and people to the State
• Our roads are used by you to get to work, home, school or recreation
• Transportation in Texas is stretched to the limit, and the news gets worse
• Don’t let those orange barrels fool you
• In 2015, we will be out of money for new roads
At stake is the lifestyle we want to enjoy in Texas
At stake is the economic health of Texas
NEW LOWER SHIPPINGBUSINESSJOBS
COSTS
What’s the problem?
$2.1 billion in truck freight moving costs
Congestion in Texas each year
472 million extra hours of travel time
$10.1 billion in delay and wasted fuel costs
$1,000Traffic delays
each year
cost every commuter
Dallas-Fort Worth
That’s 45 hours per commuter
What’s the problem? Safety and maintenance
Well-maintained roads=
crash deaths in 2011
serious crash injuries
80,000Nearly More than
3,000 safer roads
How did we get in this hole?
It’s all about supply and demand
125%172%
19%
238%
population vehicles highway use highway space
Since 1993, the cost of everyday goods has about doubled
How did we get in this hole?
So has the cost of building roads
How did we get in this hole?
Financing for our roads is stuck back in the last century
$1.11
$3.70
Gallon of GasGas Tax Portion $0.38
1993 2013
Borrowing is maxed out
$17 billion in debt from bond financing to build highways
Con
stru
ctio
nC
osts
In the future we’ll have less and less fundingas we move to fuel efficient cars
Buy
ing
Pow
er
What does this mean?
Everything costs more these days
What does thismean to me?
$97/monthcable TV
$22/monthin gas taxes and
auto fees
$51/monthcell phone
The average Texan pays:
Tackle most congested roadways
Improve safety
So now what?Get the biggest bang for the buck
Support biking, walking and mass transit options
Change rush hour nightmares through flex-time, telecommuting, etc.
Time traffic signals so more see green
Move crashes and stalls out of the way
Encourage carpooling
So now what?Use our existing roads smarter
But all transportation improvements cost money
You can help choose the best method
Here’s how the investment pays off
Is “doing nothing” really an option?
BE BETTER INFORMED | BE MORE INVOLVED | VOICE YOUR CONCERNS
If you want achange
Return on Investment Taxes/Fees Use & Maintenance Costs Total Costs
1) $232 + $6095 = $6327 2) $634 + $3652 = $4286
Increasing our taxes/fees by $402 lowers our vehicle use and maintenance costs by $2443 and our overall transportation costs by $2041
Major Unfunded Priority Projects
• $ 1.1B I-20/I-820/US-287 Interchange• $260M I-30/SH-360 Interchange• $ 82M add one lane on SH-360, I-30 to I-20• $625M SH-360, Sublet to US-287 ($300M now)• $553M I-35W, US81/287 cut off N to SH-114• $400M DFW Connector Configuration 3• $800M I-35W 3A Phase 2 – 121 Interchange• $300M NTE Segment 2E (121 to 161)• $418M NTE Segment 4 (I-820 - NE mall to Randol Mill) $4.538B
Loss of Purchasing Power• The gas tax rate has been $0.384 / gallon since
1993• The average annual change in the CPI over the
last 21 years has been 2.5238%• The 2014 gasoline tax rate would be $0.666
with 2.5% annual indexing since 1991/93
Cost to Drive 12,000 milesgasoline year
gas tax$ 729.28 1991
$210.93$ 684.24 1993
$232.73$1511.71 2013
$187.32
1993: gasoline = $1.25/gal tax = $0.384 [30.7%]2013: gasoline = $3.25/gal tax = $0.384 [11.8%]