Colorado Transportation Finance and Implementation PanelOverviewFort Morgan,ColoradoSeptember 13, 2007

Transportation’s Quiet Crisis

$65 billion funding shortfall identified in 2030 Statewide Transportation Plan

$2.6 billion annual shortfall for CDOT

$600 million annual shortfall for Locals and transit

Why a “Quiet Crisis”? The nature of transportation finance is changing

fundamentally and on a large scale State gas tax last increased in 1991, Federal 1993

The change has occurred gradually and without much public notice

Burden is shifting to state and local governments SB 97-1 and HB 02-1310

Colorado is facing a crisis but not unlike other states and at Federal level

State Transportation Funding vs.

Colorado Construction Industry-Specific Inflation (Purchasing Power)

$0

$100

$200

$300

$400

$500

$600

$700

$800

96-'97 97-'98 98-'99 99-'00 00-'01 01-'02 02-'03 03-'04 04-'05 05-'06

Fiscal Year

Fu

nd

ing

(in

million

s)

CDOT share of HUTF S.B. 1997-001 H.B. 2002-1310 Inflation-adjusted

Panel Mission

To bring together a broad range of stakeholders to identify long term sustainable transportation programs and funding options for a 21st Century multimodal transportation system to support a vibrant economy and quality of life

Purpose of Panel in Addressing the Colorado Promise

Evaluate current spending practices and identify cost-effective investment strategies that support a statewide transportation vision;

Explore a variety of revenue streams that could support transportation and propose a strategy for increased investment and specific funding options; and

Examine a prioritized list of projects and recommend a process to implement infrastructure needs that enhance the economic vitality of the state, sustain our environment and maintain our quality of life.

Broad Perspectives Represented

Panel - 32 members Technical Advisory Committee – 20

members 7 Regional Meetings Major Organizations Recommendations by November 2007

Funding Options: User Fees

Motor fuel tax Registration fees License fees Tolling New wheels on the road fee Weight distance tax Hazardous violations fines Ports-of-Entry fees

Vehicle Miles Traveled (VMT) fee

Funding Options: General Tax

Income tax Severance tax Sales tax

General Sales on fuel Sales on vehicle repairs

Visitor tax Delivery tax

Evaluation Scenarios

Annual Thresholds $340 million - maintenance $500 million $1.5 billion $2.6 billion $3.6 billion

Evaluation Scenarios

Funding Strategies Short and long term mechanisms Legislative options Voter Approval Local options and distributions Transit allocations

Policy Discussion:Focus on Outcomes . . .

Transportation’s Relationship to . . . . Economic Development New energy economy Land use Tourism Education Affordable Housing Other economic drivers

Prioritization of State roadway system

Sustainable transportation funding mechanisms

Defining high performance transportation

Policy Discussion:Not outputs How to define Equity Ways to leverage

investment Enhance state’s role in

transit Environmental

considerations Accountability and

efficiency of the state

Timing

Half-way point Recommendations by

November 2007 2008

Legislative Session ballot

2009 Legislative Session ballot

Track the Progress

www.colorado.gov/

governor

Look for Blue Ribbon Transportation Panel