Regional Transportation Funding and Messaging Bill Bell FTAC Co-Chairman VP, Human Resources & Administration Newport News Shipbuilding

FTAC Robert Barclay Suffolk, VA City Council Bill Bell Newport News Shipbuilding Butch Crane K-Line America Ron Drogan CrossGlobe Group Keith Helton Givens Transportation Chris Luebbers Norfolk Southern, Inc. Rick Morris Canon Virginia, Inc. Art Moye Virginia Maritime Association HRTPO’s business-driven subcommittee Advises on regional freight transportation requirements and conducts public outreach Economic drivers represented by FTAC employ thousands in Virginia

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Hampton Roads Transportation Transportation infrastructure is critical to regional businesses & economic health Efficient transportation systems benefit commuters AND businesses Less traffic congestion Lower cost of goods & services Better quality of life

Transportation Funding HRTPO’s 2034 Long Range Transportation Plan (LRTP) 150 projects considered = $30 billion Fiscally-constrained, prioritized to 11 studies and 79 new projects Only $1.2 billion in traditional funding is available $7.7 billion is available by combining traditional revenue sources, local revenues, projected tolling and private investment, and the Governor’s Omnibus Transportation Funding Package

Options for Financing a $1 B Project Tolls only At 50,000 paying customers per day, average toll of $4.30 is required Gas tax only 9.6¢ regional gas tax is required Sales tax only 0.5% regional sales tax is required Combination of all three 50,000 daily paying customers and $1.45 average toll 3¢ regional gas tax 0.2% regional sales tax

The Current Perception Doom and gloom if we do nothing A mistrust of providing revenues to lawmakers and lack of confidence that funds will always be used as intended Pervasive feeling that any increase in revenues for any purpose will result in becoming unelectable

Let’s Shift the Perception Positive tone, emphasize benefits of investing in transportation Attracts businesses Creates jobs Lowers cost of goods & services Maintains/improves quality of life currently enjoyed in the region Transportation is an Investment Not A Cost

Newport News Shipbuilding Largest industrial employer in Virginia Approximately 21,000 employees 7 of 10 depend on a bridge or bridge-tunnel Ships in supplies from every state in the nation but Alaska

How You Can Help Advocate for making transportation a priority Promote regionalism and citizen awareness that efficient transportation systems benefit commuters AND businesses Emphasize positive aspects of investing in transportation

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