Kentuckians for Better Transportation Road Fund Update Tammy S. Branham January 21, 2010.

Slides:

Advertisements

Similar presentations

1 MAXIMIZING PUBLIC INVESTMENT Ohio Department of Transportation Highway Funding Overview Julie Ray, Deputy Director Division of Finance & Forecasting.

Advertisements

STATE BUDGET OUTLOOK MULTI-YEAR TREND ANALYSIS OFFICE OF MANAGEMENT AND ENTERPRISE SERVICES November 1, 2014* Shelly Paulk Revenue Analyst *To be updated.

Transportation Legislation Overview Presented By: Dwight L. Farmer, P.E. Executive Director/Secretary Hampton Roads Metropolitan Planning Organization.

2010–2011 CAPITAL AND OPERATING BUDGET UNIVERSITY OF KENTUCKY.

Mississippi Fiscal Summary January, General Fund Estimates, FY 2008 Beginning cash balance, 7/1/07 $226,197,915 1/ Estimated revenues 4,933,200,000.

Presented to: By: Date: Federal Aviation Administration Airports Division Eastern Region Airport Improvement Program FY 2010 Guidance and Jobs Bill Update.

CONNECTICUT FY FY 2017 BIENNIUM GOVERNOR’S BUDGET DANNEL P. MALLOY, GOVERNOR February 26, 2015.

1 State Transportation Issues Florida Association of Counties Webinar February 19, 2010 Kathy Neill Director, Office of Policy Planning Florida Department.

Transportation Funding Overview Governor’s Commission on the Reform of the Department of Transportation October 29, 2007.

State Transportation Dollars: Addressing Needs Or Running Out Of Gas VIRGINIA MUNICIPAL LEAGUE TRANSPORTATION POLICY COMMITTEE JULY 24, 2014.

Ohio Planning Conference Transportation Connects Ohio 1 Rich Winning Ohio Department of Transportation Acting Deputy Director, Division of Finance July.

SENATE BUDGET AND EVALUATION OFFICE Overview of the Georgia State Revenues and Budget Slides are up to date as of 4/29/10. Please note that numbers are.

Updated FY2012 Revenue & Expenditures Park Hill Board of Education June 9, 2011.

FY10-11 State Budget Overview Dr. Howard Fleeter Education Tax Policy Institute February 13, 2009.

The Revenue Outlook for the Highway Maintenance and Operating Fund A Presentation to the Commonwealth Transportation Board September 18, 2008.

2011 The City of Kelsey Accumulated $42,479,925 in total revenue 2012 City Management has predicted generated revenue estimates of $43,500,000.

Funding the Future of Our Transportation Infrastructure Juva Barber Executive Director.

Juva Barber Executive Director. What is KBT? Kentuckians for Better Transportation educates and advocates for all modes of transportation to promote a.

The Revenue Outlook for the Commonwealth Transportation Fund A Presentation to the Commonwealth Transportation Board October 15, 2008.

Fiscal Years Outlook Preliminary Six-Year Financial Plan and Six-Year Improvement Plan Strategy John W. Lawson, Chief Financial Officer Reta.

THE CONDITION OF OUR SURFACE TRANSPORTATION INFRASTRUCTURE How Do We Adequately Finance Our System?

FY 10 Budget Balancing Plan and the Impact of the American Recovery and Reinvestment Act Mary Lassiter State Budget Director June 4, 2009.

MAP-21 and Other Issues FHWA Update IFTA/IRP Manager’s / Law Enforcement Workshop September 2012.

Perspective on Colorado’s Economy and State Budget Office of State Planning and Budgeting Laura Blomquist Economist June 5, 2015.

1 AASHTO SCOPT/MTAP 2009 Winter Meeting Legislative Update Ron Epstein Chief Financial Officer New York State Department of Transportation December 2,

Division of Budgets August 22, 2012 Budget and Allocation Capacity Update Presented to the California Transportation Commission Tab 14.

Michigan’s Roads Crisis: Study Findings, Conclusions and Where Do We Go From Here? Best Practices Conference Rick Olson, State Representative, 55 th District.

A M O T I A A N N U A L M E E T I N G 2 3 S E P T E M B E R N A S H V I L L E, T N 1 A View from the State DOTs Joung H. Lee Associate Director.

The Construction Industry in 2010 Dr Peter Stafford Construction Industry Federation.

1 McKinney isd PROPOSED budget June 22, 2009.

State of Oklahoma FY-2011 Revenue Certification March 31, 2010.

Surface Transportation Authorization AASHTO Executive Director John Horsley SCOH Subcommittee on Construction Chicago, Illinois August 4, 2009.

DRAFT Proposed Adjustments to the FY SYIP, CTF and VDOT Budgets Laura Farmer Director, Financial Planning Division September 16, 2014.

Jack Basso American Association of State Highway and Transportation Officials Business Meeting of the AASHTO Standing Committee on Finance and Administration.

John S. Halikowski ADOT Director Phoenix Chamber of Commerce Transportation Committee Sept. 22, 2011.

Lina Williams Budget & Financial Analyst Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Tuesday, April 28 th, 2015.

1 Colorado Department of Transportation Presentation to the Joint Budget Committee November 16th 2009.

State Public Transportation Partnership Conference Reauthorization of the Surface Transportation Programs Jack Basso Director of Program Finance and Management.

Central Kentucky Regional Policy Group Juva Barber Executive Director.

Division of Budgets July 6, 2011 Transportation Funding in California.

TRANSIT REVENUE AND FUNDING UPDATE Robert Dunlavey – Director Transit & Parking Joanne Parker – Transit Planner March 10, 2009.

HIGHWAY TRUST FUND National Surface Transportation Infrastructure Financing Commission April 2007.

May 21, SAFETEA Safe, Accountable, Flexible, and Efficient Transportation Equity Act of 2003.

SESSION 5: TRANSPORTATION ISSUES Rob Henken President, Public Policy Forum August 5, 2014.

1 West Contra Costa Unified School District July 23, Day Budget Revision.

IFTA Annual Business Meeting Virginia Beach, VA August 17, 2011 Federal Highway Administration.

A A S H T O S P R I N G M E E T I N G 1 7 M A Y B E D F O R D S P R I N G S, P A 1 Surface Transportation Authorization: Review of Mid-Course.

FY 2014 Budget / Actual Performance through November 2013 John W. Lawson Chief Financial Officer January 9, 2014.

California Community Mental Health Revenue Update California Institute for Behavioral Health Solutions (CIBHS) County Behavioral Health Fiscal Leadership.

December 2, 2008 City of Glendale - Finance Department 1 First Quarter Financial Update December 2, 2008.

O hio C ontractors A ssociation Jana Cassidy Administrator, Budget & Forecasting October 2015.

SCHOOL AID AND THE JANUARY 2016 CONSENSUS REVENUE ESTIMATING CONFERENCE Presented to Kent County Superintendents Kathryn Summers, Associate Director senate.michigan.gov/sfa.

2015 Tax Levy Board of Education Meeting December 21,

UBC report to Faculty Senate January 25, 2011 Sources of information: ECU annual financial reports:

FY16/17 Governor’s Budget Estimated Revenues Community Mental Health Revenue Overview January 18, 2016.

GDOT PowerPoint Title Page Financial Outlook. FY2011 Budget 2 Fund SourceFY 10 AOBFY11Difference Motor Fuel Funds* $ 688,318,657 $ 675,250,678 $ (13,067,979)

TOWN OF JUPITER Abacoa Property Owner’s Association Annual Meeting November 17, 2010.

Division of Budgets January 25, 2012 Budget and Allocation Capacity Update Presented to the California Transportation Commission Tab 13.

Budget Planning for Rockingham County Public Schools Board Presentation to the Community March 2010.

Financial Report through Q4 FY2014 Preliminary Year-end Results December 3, 2014.

ADMINISTRATION Legislative Update Transportation Policy Committee March 24, 2010.

TRANSPORTATION PROGRAMS Financial Planning and Fiscal Constraint Requirement MAG Regional Council February 24, 2010.

Commonwealth Public Transportation Funding Steve Pittard Chief Financial Officer June 16, 2016.

Financial Report through Q1 FY 2015 February 23, 2015

City of Rialto Midyear Changes Budget-Fiscal Year 2008/2009

MnDOT Revenue Outlook Duane Leurquin Office of Finance

Anaheim City School District

I-81 Corridor Improvement Plan

Board of Regents Meeting

Budget office overview

Presentation transcript:

Kentuckians for Better Transportation Road Fund Update Tammy S. Branham January 21, 2010

Financial Overview I.The year in review. II.Where are we? III.What does the future hold?

Motor Fuels Motor Vehicle Usage Other TOTAL Change (20.9) (71.7) (12.1) (104.7) (In Millions) Revised $1,220.1 Road Fund Estimated Reduction – FY 2009 $ Original $1,324.8 $ * Revised CFG Estimate equates to an 8% drop from original estimate *

Motor Fuels Motor Vehicle Usage Other TOTAL Change $ (38.9) (75.6) (18.3) $(132.8) (In Millions) Actual $1,192.0 FY Road Fund Actual Revenues $ Original * 10% drop from original estimate * $1,324.8 $

Motor Fuels Motor Vehicle Usage Other TOTAL Change * $ (94.7) (137.0) (32.3) $ (264.0) (In Millions) Revised $ 1,141.1 FY Road Fund Revenue Revision $ Original $1,405.1 $ *18.8% drop from official estimate

2009 GA Authorization of $400M Economic Development bonds AWP of Motor Fuels frozen at new floor of $1.786 Received Federal Stimulus funding - $421.1M for Highway Infrastructure Investment and $51.5M for Capital Transit The Year In Review Cont’d KYTC/obfm

Road Fund cash position deteriorated Unable to fund new State Construction project starts ($8.9M net authorizations calendar 2008 and 2009) The Year In Review Cont’d KYTC/obfm

Where Are We Now?

KENTUCKY GASOLINE TAX Gasoline Tax Rate MF User Tax USTTOTAL KRS (1) KRS (2) KRS (awp * 9%) FY07 $1.476 x 9% = 13.3¢ 5¢ 1.4¢ 19.7¢ FY08 $1.624 x 9% = 14.6¢ 5¢ 1.4¢ 21.0¢ FY09 $1.786 x 9% = 16.1¢ (new floor) 5¢ 1.4¢ 22.5¢ FY10 $1.786 x 9% = 16.1¢ 5¢ 1.4¢ 22.5¢ FY10 $1.864 x 9% = 16.8¢ 5¢ 1.4¢ 23.2¢ FY10* $1.965 x 9% = 17.7¢ 5¢ 1.4¢ 24.1¢ FY11 $2.162 x 9% = 19.4¢ 5¢ 1.4¢ 25.8¢ *and 4 th Qtr Estimate FY11 Maximum Increase: (July – Sept) (Oct - Dec) (Jan - June)

Motor Fuels Motor Vehicle Usage Other TOTAL Change * $ (8.2) $ 58.1 (In Millions) Revised $ 1,199.1 FY Road Fund Revenue Revision $ Current $ 1,141.0 $

CFG December 2009 Estimates for FY11 and FY12 increased: FY11 +$69.3M at $1,270.6M (6.0% growth over FY10) FY12 +$87.3M at $1,340.9M (5.5% growth over FY11) Preparing to sell $100M in GARVEE bonds for LSIORB Project Where Are We Now? (Cont’d)

Continue operating a Federal Highway Construction Program without a new authorization SAFETEA-LU expired September 30, 2009 Operating under second extension Extension expires Feb 28, 2010 Beginning to see increases in the net Road Fund cash projections for the coming 32 months Anticipate an increase in Revenue Sharing Programs - shared with local governments $12.1M in FY11 and $15.3M in FY12 Where Are We Now? (Cont’d)

New Biennial Budget $300M Economic Development bond authorization $112M BRAC bond authorization Potential for NEW state funded highway construction projects in mid to late FY2012 What Does the Future Hold?

Federal-Aid Highway Infrastructure Authorization (We hope!) Second Federal Stimulus package? House passed Jobs Bill that funds highway projects at approximately the same level as Stimulus 1. Senate to take up the measure very soon. Still many unknowns for us to deal with, but we find many positive possibilities on the horizon What Does the Future Hold?

Kentuckians for Better Transportation Road Fund Update Tammy S. Branham January 21, 2010