TRB Chairman's Luncheon - January 16, 2013

2,631 views

Published on

Published in: News & Politics
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,631
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
22
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

TRB Chairman's Luncheon - January 16, 2013

  1. TRB Chairman’s LuncheonBuilding Highway Capacity John Horsley Executive Director January 16, 2013
  2. TRB Speech like a Texas Longhorn: “Two points with a lot of bull in between”
  3. Three Points• Need to increase highway capacity• Ability of states to build that capacity• Ways Congress can fund it
  4. AASHTO Supports Transit• In 2012, AASHTO, APTA and others defeated an attempt to undercut long-term funding for transit• States provide more funding for transit than the federal government. In 2012,States $13.6 billion, Federal $11.7 billion• AASHTO goal: Double transit ridership in 20 years
  5. 1. Need for Highway Capacity: Backlog over last 50 years 1960 2013Population 160 million 315 million DoubledVehicle Miles 1 trillion 3 trillion TripledHeavy Trucks 700,000 2.5 million Quadrupled
  6. From 1980 to 2010, Interstate Traffic Increased by 150%,While Capacity Increased Only 15%: Result - Bottlenecks
  7. Highway Capacity Needed over next 40 years• As U.S. population grows by 100 million• As truck freight doubles• As vehicle miles traveled increases from 3 trillion to 4 trillion or moreYou do the math and judge for yourself whether additional highway capacity will be needed
  8. 2. Ability of States to Build Highway Capacity Needed• Three projects completed over last 5 years• Three projects to be completed over next 5 years• Dispell Myth that States can’t build big projects anymore
  9. $2.5 Billion Woodrow Wilson Bridge, Maryland and Virginia DOTs, 2008
  10. $685 Million Legacy Parkway, Utah DOT, 2008
  11. $1.9 Billion I-495 Beltway HOT Lanes, Virginia DOT, Transurban/Fluor PPP
  12. $6.4 Billion San Francisco BayBridge Replacement, Caltrans, 2013
  13. $2.5 Billion Louisville Bridges,KYDOT Design-Build, INDOT PPP
  14. $2 Billion Detroit, Michigan to Windsor, Ontario International Bridge
  15. Given political will and a way to fund the project, states can build what the country needs
  16. 3. Ways Congress Can Fund Needed Highway and Transit Investment• $50 billion TRIP Bond program• Tax Reform to restore solvency to Highway Trust Fund by• replacing cents per gallon excise tax on fuels with a sales tax
  17. $50 Billion TRIP Bond Program,• $1 Billion for EveryOregon (D), Sponsored by Sen. Ron Wyden, State and Sen. John Hoeven, North Dakota (R)• Wyden’s Build America Bonds, authorized 2009 $181 billion issued, 25% for transportation• From proceeds of TRIP bonds, over 6 years every state would receive $1 billion in cash• No debt incurred by states, cost to U.S. Treasury totally paid for through customs fees
  18. Transportation’s Fiscal Cliff October,2014
  19. Tax Reform to Restore Solvency of Highway Trust Fund• Replace cents per gallon excise tax with sales tax on fuels• Twelve states already levy sales taxes• Federal Government spends $15 billion more each year than revenues coming in• Rate to be set at level that restores solvency to Highway Trust Fund• Sales taxes indexed to price of fuel
  20. Potential Sales Tax Receipts (Figures in billions) 2013 2014 2015 2016 2017 2018 GASOLINE RECEIPTS $37.7 $39.6 $40.8 $41.3 $41.9 $42.2 (at 8.4%)DIESEL RECEIPTS $14.7 $15.6 $16.3 $16.8 $17.2 $17.6 (at 10.6%)TOTAL $52.4 $55.2 $57.1 $58.0 $59.1 $59.8Note: Based on Energy Information Administration forecast of fuel prices. 2013 average sales-weighted gasoline pricefor all grades with all federal, state, and local state taxes is $3.29; diesel is $2.70.
  21. Stable Future for Highway and Transit Programs 2013-2018• Funding program at current levels would require $320 billion• Excise taxes are expected to generate• $236 billion.• Sales tax revenues would generate about• $350 billion• At stake is more than $100 billion
  22. Four Questions for Members of Congress: Left and Right• Do you want to sustain the program at current levels or reduce it and cut thousands of jobs?• Do you want to sustain the program by transferring more general fund dollars, or make transportation users pay their own way?• By shifting to a sales tax, do you want to reduce the deficit $150 billion over ten years?• If you could do all this and it would cost drivers less than $1 dollar per week per car, wouldn’t this make sense?
  23. Please Join Forces to Demand that CongressProvide Long-term Funding for Transportation

×