Juva Barber Executive Director What is KBT Kentuckians for Better Transportation educates and advocates for all modes of transportation to promote a safe sustainable transportation network that brings economic growth and improved quality of life to all Kentucky ID: 627185
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Slide1
Central Kentucky Regional Policy Group
Juva BarberExecutive DirectorSlide2
What is KBT?
Kentuckians for Better Transportation educates and advocates for all modes of transportation to promote a safe, sustainable transportation network that brings economic growth and improved quality of life to all Kentucky communities. Slide3
Information Courtesy Kentucky Transportation Cabinet 2014
Local Roads, Highways & BridgesSlide4
Funding
FY 2015
w/
HB’s 299 & 510
FY 2016
W/HB 299
Revenues
Motor Fuels Tax
$851
$737.7
Motor Vehicle Usage
$425.5
$445.5
Motor Vehicle
License
$101.9
$103.1
Weight Distance
$79.9
$81.4
Other
$36.4
$36.7
Motor Vehicle Operators
$16.7
$17.5
Investment
$3.1
$3.7
Total Road Fund
$1,514.5
$1,425.5
Federal Funds
$726.8
$729.1Slide5
Local Roads, Highways & Bridges
Calculating the tax rate:9% *AWP
+ 5 ¢ + 1.4 ¢ =
tax rate
9
% *
$
2.177
+ 5 ¢ + 1.4 ¢ =
26¢
per gallon
Effective April 1, 2015 – until July 1, 2016
After July 1, 2016 can increase or decrease no more than 10% per year
$2.177 is also the new statutory floorSlide6
Motor Fuels RevenuesSlide7
Federal Issues
The Highway account is the primary source of revenues for Federal-aid funding returned to the States for carrying out various
highway programs.
Motor Fuels tax (
18.4 cents per gallon
) = $34 billion per year
Has not been raised since 1993
Has required transfers from the General Fund to the FHTF in a total amount of $65 billion
The
Congressional Budget Office estimates that if spending continues at its current rate, HTF revenues will fall short of projected spending by $157 billion cumulatively over the next 10 years
.
Need a long term authorization bill with adequate funding source
CR expires on May 31, 2015
Enough funding to operate through JulySlide8
Transit
Additional Federal Issue related to FHTFTransit funding tied
to the
federal gas
tax
– roughly 20% of revenues
coming into the Highway Trust Fund are dedicated to
Mass Transit Account
Estimated $25 million per year comes to Kentucky from Mass Transit
Account
Used to build and upgrade rail mass transit systems and purchase and upgrade buses and facilities of local transit
agenciesSlide9
Aviation
Federal Aviation Administration Authorization
Expires September, 2015
Encourage Congress to develop a long term authorization – not a continuing resolution
Encourage a well funded AIP program for GA airports
Encourage adequate funding options for all commercial airportsSlide10
Rail
Short Line Railroad Rehabilitation and Investment Act of 2015The Short
L
ine Tax Credit leverages private sector investment in rail infrastructure by providing a
t
ax credit of 50 cents for every dollar spent on track improvements (45G)
The credit is capped based on a mileage based formula
Expired December 2014
H.R. 721 and S. 637 contains language authorizing the tax credit for 2015 and 2016 tax yearsSlide11
ALTERNATIVE FUNDING
Public Private Partnerships
LIFT – Local Investments for TransformationSlide12
Transportation Makes It HappenSlide13
THANK YOU!