Transcript 2008ProvidenceHorsleytransit

How will Transit Fare in the Next
Authorization
AASHTO Executive Director
John Horsley
2008 State Public Transportation Partnership
Conference
Providence, Rhode Island
August 6, 2008
National Transportation Visions
Over the Last Century
1915
Get Farmers Out of the Mud
1956
Coast to Coast Without a
Stoplight
1991
ISTEA: Safe and Intermodal
2008 and
Beyond
New Strategy Which Goes
Beyond What Has Been Done
Before
Transportation Vision Summit,
Maryland, May, 2007
A multi-modal
approach is needed
which:
• Preserves what has
been built to date
• Improves system
performance
• Adds substantial
capacity in
highways, transit,
and rail
Penobscot Narrows Bridge, ME
New Dynamics Require
New Solutions
Improvements Needed



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Intercity passenger rail in megaregions
Double transit ridership by 2030
Major Increase for Rural Transit
Fix bottlenecks, transit and highway
capacity, HOT lanes and dedicated
truck lanes
New Dynamics Require New
Solutions: Global Climate Change



Double the fuel efficiency of the light
duty automotive fleet by 2020
Cut the rate of growth in VMT by
50%, increase it from 3 trillion today
to 5 trillion, instead of 7 trillion by
2055.
Increase percent who ride transit,
walk, bike, and work at home
The Crisis
In Highway and Transit Funding


Shortfall in Highway Trust Fund could
reduce federal aid/raid transit reserves
Skyrocketing highway construction and
transit operating costs
Golden Gate Bridge, CA
$13.5 Reduced
Billion CutHighway
in FederalProgram
Highway Program
Levels Beyond 2009
45
$35.2
40
$36.0
$36.9
$37.7
$38.6
$ Billions
35
30
25
$20.9
20
15
10
5
0
2010
2011
2012
2013
2014
2015
$13.5 Billion
CutTransit
in Federal
Highway
Program
Reduced
Program
Levels
Beyond 2009
12
$10.4
$ Billions
10
8
$5.8
$5.9
$6.1
$6.2
$6.4
6
4
2
0
2010
2011
2012
2013
2014
2015
National Surface Transportation
Commission Report Got the Big Ideas Right





The need for “fundamental reform of
the Federal Transportation Program”
Significant additional investment
Strong federal role
Shared funding responsibility by
federal, state and local governments
Need for a multi-modal approach
Federal Funding Increase Required
National Transportation Capital Investment
2010
2015
Hiway
$43.0
$75.0
billion
$32
billion
Transit
$10.5
$18.5
billion
$ 8
billion
Total
$53.5
$93.5
$40
billion
billion
billion
billion
Funding
Increase
Needed
billion
How to achieve $500 billion funding
level in next authorization?







Highway Trust Fund Revenue:
$250 billion
General Fund Support for Transit $ 20 billion
Tax Credit Bonds
$ 50 billion
New Highway Trust Fund Revenue
from
highway use fees, oil excess
profits
taxes, or fuel tax hikes
$ 100 billion
Cap and trade revenues for
$ 55 billion
transit, land use, ITS
Critical Commerce Corridors
$ 25 billion
Total HIGHWAYS AND TRANSIT $500 billion
Challenges which will make this bill
the toughest challenge ever.




Gas prices at over $4 per gallon
Insolvent Highway Trust Fund
New Administration which takes
office eight months before bill
expires
States facing financial crisis because
of troubled economy
Requirements for Success



Financial Crisis of dramatic reductions in highway and
transit funding may cause Congress to pass bill needed
States need to communicate that we are delivering value to
the taxpayers with the dollars we have been given over last
ten years.
We need to describe a reform bill which will deliver needed
improvements and accountability for results
Thank You
http://www.transportation.org
John Horsley
Executive Director
AASHTO