Presentation on theme: "Paul F Mullen August 26.2010. Transportation Improvement Program (TIP) 5 Year plan for transportation improvement activities inside the MAPA Transportation."— Presentation transcript:
Transportation Improvement Program (TIP) 5 Year plan for transportation improvement activities inside the MAPA Transportation Management Area (TMA) ▪ The MAPA TMA includes Douglas and Sarpy Counties in Nebraska and urbanized Pottawattamie County, Iowa First 4 years must be fiscally constrained ▪ The programmed project costs cannot exceed the available funding Federally funded projects are to be listed in the TIP ▪ Locally funded projects are not required to be listed but have been shown in the past Federal Formula Funding (STP- MAPA) MAPA annually receives $16 million in STP-MAPA via the Nebraska Department of Roads ▪ This funding is to be used by local jurisdictions for projects on Federal Functionally Classified (FFC) roads, transportation planning, or transit projects inside the MAPA TMA ▪ The MAPA Transportation Technical Advisory Committee (TTAC) selects the projects that will receive STP-MAPA funding Current Financial Picture Available STP-Funding 2011-2015: $ 80 million Estimated STP Project Costs 2011- 2015: $ 130,172,000 STP Shortfall: $50,172,000
The MAPA 2035 LRTP must be fiscally constrained for the first 20 years of the plan Illustrative projects are placed in the following 5 years or the plan Projected revenue streams are determined from sources that are reasonably expected to be available Gas tax revenues Wheel tax revenues Local General Fund Transfers Transfers from State and Federal Governments Revenues should be shown in Year of Expenditure (YOE) dollars The LRTP also contains a list of potential projects with estimated costs Also shown in YOE dollars Currently the MAPA 2035 LRTP contains cost estimates for local jurisdiction projects only No NDOR project cost estimates available
Revenue Sources Local Sources ▪ Wheel Tax Revenue ▪ Property Tax Revenue ▪ Bond Revenue ▪ Sales Tax Revenue State Sources ▪ Fuel Tax Revenue ▪ Sales Tax Revenue Federal Sources ▪ Motor Vehicle Tax Revenue
Construction Costs $ 1,000,000.00 per lane mile of new pavement $ 110.00 per ft 2 of bridge Engineering Costs Estimated at 20% of Construction Costs Right of Way Costs Estimated at 15% of Construction Costs
Long Range Plan- Financial Summary Based upon current project listings the LRTP is not fiscally constrained $ 80,471,000 Budget Shortfall in 2011-2015 $ 412,874,000 Budget Shortfall in 2016 -2025 $ 196,661,000Budget Surplus in 2026-2035 Total Budget Shortfall is projected to be: $ 296,683,000 from 2011-2035
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