Multi-Year Transportation Plan Preliminary Positions June 2009


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Rick Swist
Policy Analyst
New York Public Transit Association

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Multi-Year Transportation Plan Preliminary Positions June 2009

  1. 1. New York Public Transportation Association (NYPTA)<br />Multi-Year Transportation Plan Preliminary Positions<br />June 2009<br />
  2. 2. Issue #1: Restructure the multi-year transportation plan framework<br /> Create a public transportation plan with MTA and non-MTA components and a NYSDOT plan<br /> Align the multi-year plans with their dedicated transportation funding sources <br />
  3. 3.
  4. 4. Advantages to Creating a Public Transportation Plan<br />Broader view of public transportation capital and operating issues statewide <br />More focused review of projected revenues including potential new revenues<br />All NYS transit systems are linked by their common dedicated funding sources<br />Inter-system cooperation growing, particularly downstate<br />
  5. 5. Issue #2: Public Transportation Plan should be a capital and operating plan<br />Public transit requires steady, predictable operating assistance for capital assets to be used effectively to provide transit service<br />Obtaining new assets or maintaining existing assets in a state of good repair is pointless without the resources to deploy them<br />
  6. 6. The most expensive thing on the bus<br />
  7. 7. Issue #3: Providing for a fair and equitable STOA allocation<br />NYPTA will participate in a joint effort with the State to develop a new STOA allocation methodology <br />Distribution of STOA must be fair and equitable and based upon objective and measurable criteria<br />Retain expert consultant to develop NYPTA proposal for State consideration<br />
  8. 8. Issue #4: DHBTF and MTA debt service<br />Create a debt management entity empowered to manage and pay debt service on transportation bonds<br />Use broad-based general revenues such as personal income tax and sales and use tax in lieu of dedicated transportation revenues<br />Free up transportation revenues for PAYGO<br />
  9. 9. DHBTF Debt Service<br />
  10. 10. MTA Debt Service<br />
  11. 11. Advantages to debt management entity<br />A “circuit breaker” that stops the upward debt service spiral at both the MTA and within DHBTF<br />Allows DHBTF and the MTA to “restart” their capital programs without the ongoing debt service burden <br />The General Fund is currently subsidizing the DHBTF’s debt service<br />
  12. 12. Issue #5: Added revenue for transportation capital and operating plans<br />Transportation capital and operating needs greatly exceed available revenues over the next five years<br />Wide range of revenue options should be considered <br />Eliminate MMTOA and PTOA in favor of a single fund to provide STOA statewide<br />
  13. 13. Revenue options<br />10% PBT surcharge - $110MM<br />8 cent/gallon gas tax increase - $525MM<br />Dedicate fuel sales tax to transportation - $525MM<br />Extend .375% MCTD sales tax statewide - $350MM<br />Removing 8 cent/gallon cap on the state sales tax on gasoline and diesel fuel - ??<br />Mortgage recording tax - ??<br />Potential for added $425MM for DMTTF and $360MM for MTOAF<br />
  14. 14. Issue #6: Make demonstrable progress toward meeting 20 year needs <br />MTA capital needs exceed $25BB for replacement, state of good repair and system expansion<br />Non-MTA capital needs exceed $2.3BB - $1.1BB available from federal surface transportation and stimulus funding; $130MM from local match<br />Historically, non-MTA program about $285MM - $725MM funding gap<br />
  15. 15. STOA history and needs<br />2005 $1,779,557,000 --<br />2006 $2,136,275,000 +17%<br />2007 $2,539,089,000 +19%<br />2008 $2,842,985,000 +12%<br />2009 $2,964,441,000 +4%<br />2010 $2,698,797,000 -9%<br />2011-2015 ?????<br />
  16. 16. NYPTA Summary Position<br />Restructure transportation plan framework to unify public transportation and align with fund sources<br />Public Transportation Plan a capital and STOA plan recognizing that transit assets must be operated<br />Provide for a fair, equitable and transparent STOA allocation based upon objective criteria <br />Address DHBTF and MTA debt service as a means of “restarting” capital plans<br />Identify added revenue for transportation capital and operating plans<br />Make demonstrable progress toward meeting 20 year capital needs and stabilizing STOA<br />