Presentation on theme: "Meeting Name Date. Agenda Introductions Transportation Funding 101 Program Development Process Program Projects Strategic Funding Tax Rate Implications."— Presentation transcript:
Agenda Introductions Transportation Funding 101 Program Development Process Program Projects Strategic Funding Tax Rate Implications Public Information
Transportation – The Big Picture The Texas Transportation Institute found that Texas needs: $6B annually to slow deteriorating pavement conditions and congestion $10B annually to keep 2010 conditions stable Currently there is $2.8B available budget for 2014 and 2015 http://transportationadvocatesoftexas.org
Why Such a Shortfall? There are many reasons Population – Increased congestion and maintenance Increased cost of resources and construction Vehicle fuel efficiency and Inflation affecting the tax rate http://transportationadvocatesoftexas.org
Kaufman County Kaufman County is the 9 th fastest growing County in Texas and the 40 th fastest growing county in the U.S. http://research.stlouisfed.org NCTCOG Population Projection Year 2013 = 110,000 people Year 2030 =277,000 people
Process – Data Collection Sources for candidate project solicitation County Judge & Commissioners All Cities Texas Department of Transportation (TxDOT) NCTCOG ISD Superintendents A total of 80 projects were submitted for consideration in the bond program, totaling over $400M
Process – Project Evaluation Project Considerations Safety Improvements Congestion Alleviation Proximity to Schools & High Traffic Generators Air Quality Improvement Economic Development Significant Alternate Route Creation External Funding Availability Fast Start Project / Bond Term Viability A Total of 26 projects were included totaling an estimated cost of $56M
*Project costs are estimates Project # Project Name Total Project Cost Local Funds TxDOT and Federal Funds 2013 County Bond Funds Comments 4 County Roads (Precinct 4) $1,000,000 $0 $1,000,000 17 US 175/ FM 1895 Intersection Improvements $200,000 $0 $200,000 18 US 175 South Frontage Rd $6,800,000 $4,760,000 $2,100,000 19 FM 148 By-Pass $4,700,000 $3,290,000 $1,500,000 20 FM 148 (FM 1390 to FM 3094) $12,000,000 $8,400,000 $3,600,000 21 CR 4006 Improvements $200,000 $0 $200,000 22 SH 34 main lane and Intersection Improvements $7,600,000 $5,320,000 $2,300,000 25 Regional Transportation Plan$1,000,000 $0 $1,000,000 Total Project Cost County CostPass-Through Payback $33,500,000 $11,900,000$0
Program Project Summary $4M - Funding County Road Materials $19.2M - Pass Through Projects $2.6M – Intersection Safety Improvements $6.9M - Advanced Planning (Env. & Schematic Design) $2M – Countywide Transportation Studies $3M – Strategic Project Funding $18.3M – General Roadway Design and Construction
Strategic Funding Program Funding Sources County Local City Participation TxDOT and Federal Funds
Tax Rate Implications $0.036 (3.6¢) per $100 taxable value Average home value=$122,000 $43.92 per year $3.66 per month * Important - The amount of taxes on residential homesteads of persons 65 and older will not increase above the amount of taxes when they qualified to receive the freeze exemption.
Public Information Website www.KaufmanCountyTransportation.com
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