Transportation Funding Taskforce — Oct. 8, Governor’s Task Force on Modernizing Transportation Funding in Idaho 1 October 8, 2010

Net Revenue to the HDA (By Fiscal Year, August 2010 Forecast) Transportation Funding Task Force — Oct. 8, FY 2011 and FY 2012 are Forecasted

Total Tax Collections to the HDA Transportation Funding Task Force — Oct. 8, 20103

Federal Funding Update Transportation Funding Taskforce — Oct. 8, 20104

GARVEE Questions Addressed Current debt service in amount and percent of legislative cap. Proposed debt service (fixed scope program) in amount and percent of legislative cap. Why hasn’t GARVEE reduced the needs being shown the Task Force? What impact is GARVEE having on the Highway Cost Allocation Study (HCAS)? What happens if it is removed? Transportation Funding Task Force — Oct. 8, 20105

Current Debt Service (in millions) Bonds sold to date provide funds to finance $657 worth of projects Transportation Funding Task Force — Oct. 8, ITD AnnualStatutory% of State FYApportionment Debt ServiceLimitApportionment 06$275.9$0.020%0.0% 07$284.9$5.820%2.0% 08$288.5$26.220%9.1% 09$291.3$46.620%16.0% 10$291.3$26.620%9.1% 11$291.3$46.830%16.1% 12$291.3$44.930%15.4% 13$291.3$45.030%15.4%

Estimated Total GARVEE Program Debt Service (in Millions) Estimated total program will finance $855M worth of projects Transportation Funding Task Force — Oct. 8, ITD Estimated AnnualStatutory% of State FYApportionment Debt ServiceLimitApportionment 13$291.3$61.530%21.1% 14$291.3$61.530%21.1% 15$291.3$61.530%21.1% 16$291.3$61.530%21.1% 17$291.3$61.530%21.1% 18$291.3$61.530%21.1% 19$291.3$61.530%21.1% 20$291.3$61.530%21.1%

GARVEE Program Accelerate construction on six corridors within a fixed scope US 95 Garwood to Sagle US 95 Worley to Setters Idaho 16 I-84 Caldwell to Meridian I-84 Orchard to Isaacs Canyon US 30 McCammon to Lava Hot Springs Transportation Funding Task Force — Oct. 8, 20108

Why Hasn’t the GARVEE Program Reduced the Needs Shown the Task Force? GARVEE projects have been accounted for in needs analysis ITD has approx 12,000 lane miles – Need to treat 1/20th or 600 miles per year Existing lanes treated by GARVEE program is 112 miles – Time period is 2007–2013 or 7 years (16 miles/year) Presented as shortfall 290 lane miles per year New lanes added by GARVEE Program is 97 miles Transportation Funding Task Force — Oct. 8, 20109

Why Hasn’t the GARVEE Program Reduced the Needs Shown the Task Force? ITD has 1,777 bridges or 11.4 M sq. ft. of deck area Design life is 50 years GARVEE program funded bridge work – Replaced 13; modified/expanded 5; new 16 – Replaced 107,438 sq. ft. – Added 472,470 sq. ft. – Time period is or 7 years (15,348 sq. ft.) Presented as shortfall 166,000 sq. ft. per year GARVEE funding adds no new money to the program Transportation Funding Task Force — Oct. 8,

GARVEE Impact on Highway Cost Allocation Study (HCAS) The HCAS considered GARVEE two ways in the study period (FY07-FY12) – Total expenditures and debt service only (ITD recommended) Debt service treatment is pay-as-you-go (traditional) If the GARVEE was removed, what type of projects should those expenses be charged under pay-as-you-go? The financing is not the factor, project selection is If the same types of projects were built without GARVEE, there would be no change in the equity ratios Transportation Funding Task Force — Oct. 8,

Transportation Funding Task Force — Oct. 8,