Financing and Regional       Solutions      Marlon G. Boarnet   Dept. of Planning, Policy, & Design  Metropolitan Futures ...
Background: The Economy   Source: California Employment   Development Department
Longer Term• Peak oil  – Increasing demand  – Reduced supply• Climate change• Federal air quality attainment• Need to rein...
SCAG Region vs. 17 Largest      Metropolitan Regions 110%Average                           Average Payroll                ...
Per Capita Income Rank    7                                       Among Top 17     Seattle                                ...
Policy Context• Proposition 13  – More reliance on sales and income tax• Gasoline tax has not kept pace with  driving or i...
California Fuel Tax Revenue Per MillionVehicle Miles Traveled      Source: Caltrans, California Transportation      Plan, ...
Options• Status Quo  – Project-by-project environmental review and    financing• Hope for more federal funding• New region...
Moving Toward Solutions• Regional infrastructure strategies   – Freight movement   – San Bernardino sub-region• Planning a...
Pilot Cases• Goods movement corridor  – Lowenthal, SB 974, 2008, est. $340 million    per year Ports of LA/LB  – Infrastru...
User Fee Pricing    Tax = MSC - MPC$                              MSC                                     MPC             ...
LTC, Annual Forum, The Implementation of Visions for Regional Economic and Environmental Sustainability, 05/14/2010, Marlo...
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LTC, Annual Forum, The Implementation of Visions for Regional Economic and Environmental Sustainability, 05/14/2010, Marlon Boarnet

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LTC, Annual Forum, The Implementation of Visions for Regional Economic and Environmental Sustainability, 05/14/2010, Marlon Boarnet

  1. 1. Financing and Regional Solutions Marlon G. Boarnet Dept. of Planning, Policy, & Design Metropolitan Futures Initiative of the School of Social Ecology UC Irvine
  2. 2. Background: The Economy Source: California Employment Development Department
  3. 3. Longer Term• Peak oil – Increasing demand – Reduced supply• Climate change• Federal air quality attainment• Need to reinvest in regional transportation infrastructure• Hollowing out of regional economy – Aging of population – Stalled wage growth
  4. 4. SCAG Region vs. 17 Largest Metropolitan Regions 110%Average Average Payroll Per Job 90% Per Capita 87% Personal Income 84% 80% 1970 1980 1990 2000 2004
  5. 5. Per Capita Income Rank 7 Among Top 17 Seattle Metros Minneapolis 6 Detroit 4 11 Cleveland Boston 10 3 New York 15 Chicago 13 8 Philadelphia1 San Francisco 5 Pittsburgh 2 Washington Denver St. Louis 14 DC SCAG Region 16 Dallas 12 Atlanta 17 Houston 9 Was in 4th place in 1970, 12 7th in 1990 2005: US Bureau of Economic Analysis
  6. 6. Policy Context• Proposition 13 – More reliance on sales and income tax• Gasoline tax has not kept pace with driving or inflation – Federal gas tax last increased in 1993 – California, even longer• Sales tax increment for transportation
  7. 7. California Fuel Tax Revenue Per MillionVehicle Miles Traveled Source: Caltrans, California Transportation Plan, 2025 Raise the Gas Tax A Revenue-Neutral Way to Treat Our Oil Addiction By Richard G. Lugar Sunday, February 1, 2009
  8. 8. Options• Status Quo – Project-by-project environmental review and financing• Hope for more federal funding• New regional solutions
  9. 9. Moving Toward Solutions• Regional infrastructure strategies – Freight movement – San Bernardino sub-region• Planning area – collaboration – Models: Western Riverside Habitat Conservation Plan, Alameda Corridor Agency, Santa Ana Watershed Project Authority• Nexus between user fees and financing instruments – Manage demand and improve supply• Regional fee / infrastructure bank / financing and investment plan• Mitigation banks and in lieu fee arrangements• Early acquisition of conservation lands, public rights of way
  10. 10. Pilot Cases• Goods movement corridor – Lowenthal, SB 974, 2008, est. $340 million per year Ports of LA/LB – Infrastructure needs: emission reduction, electrification – Can we afford this? Can we afford not to invest?
  11. 11. User Fee Pricing Tax = MSC - MPC$ MSC MPC Status quo: no user fees D = MSB = MPB Q* Qp QMSC = marginal social cost MSB = marginal social benefitMPC = marginal private cost MPB = marginal private benefit

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