in Numbers Strength COLORADO TRANSPORTATION FUNDING

in Numbers Strength Presentation Agenda Colorado Transportation infrastructure condition Importance of transportation funding Current funding mechanisms Proposed funding mechanisms Actions moving forward

in Numbers Strength What is transportation infrastructure? The basic equipment and structures, such as roads and bridges, that are needed for a country, region, or organization to function properly

in Numbers Strength Recent investments in the Denver area have been effective and well received, though much of the remainder of the state suffers an acute lack of access to transit. This primarily impacts the elderly, poor, and disabled that are not able to drive. Driving on roads in need of repair costs Coloradans $2 billion a year in extra vehicle costs Source: American Society of Civil Engineers Transportation Infrastructure in Colorado Grade D

in Numbers Strength Outdated infrastructure is a public safety concern Colorado Bridge Inventory: Source: 2014, National Bridge Inventory, Federal Highway Administration Released January Structurally Deficient: One or more of the key bridge elements, such as the deck, superstructure, or substructure, is considered to be in “poor” or worse condition

in Numbers Strength Failing infrastructure – Growing risk to public safety Top 10 Most Traveled Structurally Deficient Bridges in the State:

in Numbers Strength The ability to efficiently move goods and services is critical for the U.S. to maintain our position as a world leader Interstate commerce is vital to national trade Spending on transportation strengthens the economy and boosts job growth Outdated transportation infrastructure is a growing risk to public safety Colorado’s projected population growth and what it means for statewide transportation Why is transportation funding important?

in Numbers Strength Critical – Efficient movement of goods and services 28 th in Transportation Investment The Global Competitiveness Report Quality of roads 16 th in Quality of Roads

in Numbers Strength Interstate commerce  Vital to Colorado trade Trade supported nearly 680,000 jobs in Colorado in 2011, or 21% of total jobs. (U.S. Global Leadership Coalition, 2015) 24% of all manufacturing workers in Colorado depended on exports for their jobs (U.S. Global Leadership Coalition, 2015) Colorado is an ideal hub for interstate and international commerce. The state’s total exports grew 6.4% between , compared with a 2.1% national increase. (U.S. Dept. of Commerce, 2014)

in Numbers Strength Infrastructure spending strengthens the national economy, boosts job growth A $1.3 billion dollar investment in infrastructure would likely add 29,000 jobs to the construction sector and will add even more jobs to other infrastructure-related industries That investment would also likely add $2.0 billion to real economic growth and reduce the federal deficit by $200 million for that year The economy’s productive capacity and output typically increase once the infrastructure is built and absorbed into the economy. That means increased growth and more job gains long after the project ended. Distribution of Jobs Created by Infrastructure Investment: Source: U.S. Infrastructure Investment: A Chance To Reap More Than We Sow Standards & Poor’s Rating Service, May 2014

in Numbers Strength Transportation Funding in Colorado CDOT FUNDS BREAKDOWN: Source: Colorado Department of Transportation 2013 Annual Report

in Numbers Strength Colorado’s Projected Population Growth Source: CDOT, 2012.

in Numbers Strength Are the Current Funding Mechanisms Viable?

in Numbers Strength Highway Trust Fund (HTF) As of June 2015 lawmakers have passed 33 extensions of the HTF. Band aid fix to the problem. Not a long-term solution.

in Numbers Strength Highway Trust Fund (HTF) Even with the failing HTF, Colorado still relies on the federal governmental to pay for 64% of highway and bridge projects

in Numbers Strength Federal and State Gas Tax Gas taxes are the main source of funding for Colorado’s roads. The tax collected per gallon – 18.4 ¢ federal + 22¢ state – has remained the sa me since the early 1990’s. (.404¢ total) *Source: Government Accountability Office

in Numbers Strength Source: Tax Foundation, Federal Gas Tax Tax rate per gallon, when adjusted for inflation, is almost equal to the contribution as it was in cents 18.4 cents

in Numbers Strength 1933 Traffic Jam2015Traffic Jam Federal Gas Tax

in Numbers Strength Federal and State Gas Tax Colorado ranks 33 rd in the U.S. for gas tax per gallon. Despite costly maintenance due to mountain terrain and extreme weather – our tax is below average. We pay less than Wyoming and South Dakota. (CDOT, 2014)

in Numbers Strength Are the Current Funding Mechanisms Viable? NO

in Numbers Strength Proposed Funding Mechanisms Increase gas tax Vehicle Miles Traveled (VMT) tax Toll roads Public Private Partnerships (P3)

in Numbers Strength Increased Gas Tax Increasing the gas tax would mean a moderate increase in spending for consumers

in Numbers Strength Vehicle Miles Traveled (VMT) Tax Gas tax does not account for the fuel-efficiency seen in hybrid/electric vehicles VMT Tax chargers users for their usage of the transportation infrastructure system Studies on the effectiveness, privacy, an implementation of this system are still needed

in Numbers Strength Toll Roads Improve accessibility and ease of travel Updates in technology have limited congestion at toll booths Public support for toll booths is limited

in Numbers Strength Public-Private Partnerships A public-private partnership (P3) is a contractual arrangement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. Successful alternative to spending tax dollars: Free up public monies Expedite the construction process Maintenance is contracted out to a private company Key to success is a transparent stakeholders process prior to construction

in Numbers Strength Now what? Take this knowledge to your family, neighbors, coworkers, and friends Contact your elected officials and tell them we need a long-term solution for transportation funding Support funding mechanisms when they appear on your ballot