ALDOT Funding Presentation - Alabama Asphalt Pavement

Report
ALDOT HIGHWAY FUNDING UPDATE
Twenty-Fourth Annual
Alabama Asphalt Pavement
Conference
MARCH 11 , 2 0 1 4
ALDOT’s Funding Plan
 Historical
 Critical
Trends in Funding
Issues and Needs
Historical Federal Funding Levels
Program
Years
($ Millions)
Range of
Funding
($ Millions)
Average
Funding
ISTEA
92 - 97
$283
$240 - $368
TEA-21
98 - 03
$560
$463 - $618
SAFETEA-LU
05 - 09
$731
$697 - $788
MAP-21
13 - 14
$737
$733 - $741
Historical Trends in Funding
 Last state gas tax increase was 5 ¢ in 1992
 Last federal gas tax increase was 5 ¢ in 1993
[however, not available until 1997]
State Highway Revenue
$600,000,000
$500,000,000
$400,000,000
$300,000,000
Revenue
Per Gal Tax
$200,000,000
$100,000,000
2011
2009
2007
2005
2003
2001
1999
1997
1995
1993
1991
$-
Total State and Federal Highway Revenue
$2,000,000,000
1991 to 2011
$1,800,000,000
$1,600,000,000
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
Federal
State
Total
Total State and Federal Highway Revenue
$2,000,000,000
Projected thru 2014
$1,800,000,000
$1,600,000,000
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
Federal
State
Total
Total State and Federal Highway Revenue
$2,000,000,000
Without Stimulus $$
$1,800,000,000
$1,600,000,000
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
Federal
State
Total
Historical Trends in Funding
Construction costs are
2 to 2½ times more
than 20 years ago.
Construction Costs
FHWA Construction Index
250
200
150
100
50
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Construction Costs
State of Alabama
Transportation Infrastructure Funding
1991
2012
State of Alabama
Transportation Infrastructure Funding
$514
million
1991
2012
State of Alabama
Transportation Infrastructure Funding
$514
million
1991
$1,213
million
2012
State of Alabama
Transportation Infrastructure Funding
,, 00
,0
$92.3 m
$514
million
$1123
million
2012
State of Alabama
Transportation Infrastructure Funding
New Diversion
$92.3 m
$514
million
$493
million
$630
million
Inflation
1991
2012
Funding in 1991 Dollars
[with Diversions and without Stimulus]
Adjusted Revenue
900000000
$788m
800000000
700000000
600000000
500000000
400000000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
300000000
Funding in 1991 Dollars
[with Diversions and without Stimulus]
Adjusted Revenue
900000000
$788m
800000000
700000000
600000000
500000000
$493
400000000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
300000000
Funding in 1991 Dollars
[with Diversions and without Stimulus]
Adjusted Revenue
900000000
$788m
800000000
700000000
600000000
500000000
35 % Drop
$493
400000000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
300000000
Historical Trends in Funding
1991 to 2010
 140% more money today than 1991, but relatively no
change in total revenue since 2005.
 Purchasing power about the same today as 1991 and
35% less than 10 years ago due to inflation.
CRITICAL ISSUES AND NEEDS
What else can affect funding?
FEDERAL FUNDING
CONFUSION LEADS
MOODY’S TO CUT
HIGHWAY BONDS
RATING
Future Fuel Economy Standards
Vehicle Miles of Travel
Vehicle Miles
70000
Million Vehicle Miles
60000
50000
40000
30000
20000
10000
0
1967
1977
1987
1997
2007
CRITICAL ISSUES AND NEEDS
 IN TERMS OF PURCHASING POWER, WE ARE BACK TO
T H E 1 9 9 1 L E V E L , J U S T P R I O R T O T H E L A S T S TAT E
A N D F E D E R A L TA X I N C R E A S E .
 LEVEL FUNDING SINCE 2005 EXPECTED TO CONTINUE
THROUGH 2014.
 F U E L E C O N O M Y W I L L F U R T H E R D E VA S TAT E T H E
H I G H WAY P R O G R A M .
 F E D E R A L H I G H WAY T R U S T F U N D S O LV E N C Y I S A N I S S U E
For every billion dollars invested in transportation
infrastructure, 30,000 jobs are created.
Source: U.S. Department of Commerce
T H E S TAT E H I G H WAY S Y S T E M
 11 , 0 0 0 C E N T E R L I N E M I L E S
4 , 2 0 0 N AT I O N A L H I G H WAY S Y S T E M
6 , 9 0 0 O T H E R S TAT E R O A D S
 1 0 0 0 M I L E S O F I N T E R S TAT E
 5,745 BRIDGES
HIGHWAY REVENUE
ESTIMATED STATE FUNDS 2013
$ 480,260,000
ESTIMATED FEDERAL FUNDS
$ 733,095,000
TOTAL
$1,213,355,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
$1,213,355,000
$
87,500,000
ALLOCATION OF STATE FUNDS TO OTHERS
ADMINISTRATIVE OFFICE OF COURTS
PUBLIC SAFETY
REVENUE DEPARTMENT
STATE PERSONNEL
STATE PARK MAINTENANCE
INDUSTRIAL ACCESS APPROPRIATION
COUNTY ENGINEER SALARY SUPPORT
CAPTIVE COUNTY INSURANCE
Total
$
$
$
$
$
$
$
$
$
35,000,000
28,500,000
4,900,000
1,375,000
500,000
11,000,000
6,100,000
125,000
87,500,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
$1,213,355,000
$ 87,500,000
$ 130,427,000
ALLOCATION OF FEDERAL FUNDS
TO CITIES AND COUNTIES
LARGE URBAN AREAS
SMALL URBAN AREAS
COUNTIES (Including Off-System Bridge)
CMAQ – B’HAM AREA
TRANSPORTATION ALTERNATIVES
METROPOLITAN PLANNING
GARVEE BOND PAYMENT
Total
$ 35,705,000
$ 13,312,000
$ 35,711,000
$ 10,919,000
$ 16,780,000
$
2,915,000
$ 18,000,000
$ 130,427,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
$ 60,420,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
$ 60,420,000
$ 170,000,000
SYSTEM PRESERVATION
Pavements - Interstate
1003 centerline miles
Rehabilitate 84 miles/year
$1,900,000 per mile resurfacing cost
x
84 miles/year
$159,600,000
 Includes 98 miles of Corridor X that will soon be
added to the interstate system as I-22.
 Interstate maintenance funding includes the
addition/modification of interchanges, rest area
rehabilitation and lighting projects.
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
$ 60,420,000
$ 170,000,000
$ 80,000,000
SYSTEM PRESERVATION
Bridge Replacement
5,745 State System Bridges
÷
50 Average Bridge Life, Yrs
115 Bridges Replaced per Yr
It takes $200 to $225 million/yr to replace 115 bridges/yr
Spending $80 m/yr replaces about 40 bridges/year
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
$1,213,355,000
$
$
$
$
$
$
$
$
87,500,000
130,427,000
72,625,000
147,500,000
60,420,000
170,000,000
80,000,000
260,000,000
SYSTEM PRESERVATION
Pavement – Non Interstate
10,025 centerline miles
Resurface 850 miles/year
$306,000 per mile resurfacing cost
x
850 miles/year
$260,000,000
Current backlog of resurfacing deficit = 3,984 miles
2013 Resurfacing Program Federal Maintenance
Bid (Letting)
Overruns,
Utilities,
Including E & I,
Division & Indirect Cost No. of Projects Cost/Project
Miles
Cost/Mile
Lane Miles
Cost/Lane Mile
1
2
3
4
5
6
7
8
9
$33,359,786.95
$30,833,390.53
$19,157,221.41
$26,821,875.10
$22,602,903.46
$25,130,841.63
$34,235,509.59
$22,778,664.63
$19,387,896.78
14
17
8
13
8
9
17
15
11
$2,382,841.93
$1,813,728.85
$2,394,652.68
$2,063,221.16
$2,825,362.93
$2,792,315.74
$2,013,853.51
$1,518,577.64
$1,762,536.07
66.85
71.69
56.59
77.43
62.28
62.45
104.12
86.26
73.24
$499,024
$430,093
$338,527
$346,402
$362,924
$402,415
$328,808
$264,070
$264,717
226.25
186.70
136.28
168.28
146.65
147.75
262.85
198.70
181.87
$147,447
$165,153
$140,573
$159,388
$154,125
$170,090
$130,245
$114,638
$106,603
Total
$234,308,090.08
112
$2,092,036.52
660.91
$354,523
1655.33
$141,547
MAINTENANCE RESURFACING PROGRAM
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
$1,213,355,000
$
$
$
$
$
$
$
$
$
87,500,000
130,427,000
72,625,000
147,500,000
60,420,000
170,000,000
80,000,000
260,000,000
150,000,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
$1,213,355,000
$
$
$
$
$
$
$
$
$
$
87,500,000
130,427,000
72,625,000
147,500,000
60,420,000
170,000,000
80,000,000
260,000,000
150,000,000
10,000,000
ALLOCATION OF FUNDS
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
Equipment/Land & Building
$1,213,355,000
$
$
$
$
$
$
$
$
$
$
$
87,500,000
130,427,000
72,625,000
147,500,000
60,420,000
170,000,000
80,000,000
260,000,000
150,000,000
10,000,000
11,000,000
ALLOCATION OF FUNDS FY 2013
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
Equipment/Land & Building
ATRIP BONDS
ENDING BALANCE
$1,213,355,000
$
$
$
$
$
$
$
$
$
$
$
$
$
87,500,000
130,427,000
72,625,000
147,500,000
60,420,000
170,000,000
80,000,000
260,000,000
150,000,000
10,000,000
11,000,000
33,883,000
0
ALLOCATION OF FUNDS FY 2014
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
Equipment/Land & Building
Overruns
ATRIP BONDS
ENDING BALANCE
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
$ 48,420,000
$ 158,000,000
$ 73,000,000
$ 241,000,000
$ 150,000,000
$ 10,000,000
$ 11,000,000
$ 50,000,000
$ 33,883,000
$
0
ALLOCATION OF FUNDS FY 2015
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
Equipment/Land & Building
Overruns
ATRIP BONDS
ENDING BALANCE
$1,213,355,000
$ 87,500,000
$ 130,427,000
$ 72,625,000
$ 147,500,000
$ 48,420,000
$ 158,000,000
$ 73,000,000
$ 241,000,000
$ 86,500,000
$ 10,000,000
$ 11,000,000
$ 50,000,000
$ 97,383,000
$
0
In its latest Highway Trust Fund (HTF) projections,
the CBO reports, "the highway and transit accounts of
the Highway Trust Fund will have insufficient
revenues to meet obligations starting in fiscal year
2015." However, the CBO has also said that it is
possible that the HTF will run out of funding before
the expiration of current surface transportation bill,
MAP-21, on Sept. 30. This is consistent with U.S. DOT
Secretary Anthony Foxx's announcement in January
that the Highway Account of the HTF is likely to run
out of money in August of this year.
ALLOCATION OF FUNDS
FISCAL CLIFF 2015
BEGINNING BALANCE
State Funds to Others
Federal Funds to Others
ALDOT Overhead
Routine/Emergency Maintenance
Safety
Interstate Maintenance
Bridge Replacement
Resurfacing
Capacity/System Enhancement/APD
Discretionary
Equipment/Land & Building
ATRIP BONDS
Overruns
Emergency Maintenance
ENDING BALANCE
$ 480,000,000
$ 87,500,000
$
0
$ 100,000,000
$ 147,500,000
$
0
$
0
$
0
$
0
$
0
$
0
$
0
$ 100,000,000
$
0
$ 45,000,000
$
0
Long-Term Transportation Bill Will
Require $100 Billion in New Revenue or
Fund Transfers
According to new numbers released this week by
the non-partisan Congressional Budget Office, a
six-year surface transportation bill would require
$100 billion in additional revenue—such as new
taxes or transfers from the Treasury's General
Fund—just to maintain current spending levels.
Foxx Touts President's Transportation Proposal,
Acknowledges State DOT Needs at AASHTO
Washington Briefing
Obama, speaking at Union Depot in St. Paul, Minn., called for
a $302 billion, four-year surface transportation bill to follow
up MAP-21 and allow for greater certainty with funding at the
state and local level. Of that $302 billion, preliminary
indications are that $206 billion would go toward investing in
highways and road safety, $72 billion for transit, $19 billion for
rail programs, and $9 billion for competitive funding for
programs like the Transportation Investment Generating
Economic Recovery (TIGER) grants. The administration says
the bill would also stress coordination and local decision
making so that "communities can better realize their vision for
improved mobility."
FY 2015 BUDGET
Transit
Highway
Rail
TIGER
2014
10.8B
40.9B
1.6 B
0.6B
2015
17.7B
48.6B
5B
1.25B
% Increase
64%
19%
213%
108%
House Ways and Means Chair
Camp's measure is a full tax reform document that
touches on transportation as a small piece of that
reform. In his bill, the HTF would receive $126.5
billion through the repatriation of corporate tax
income, enough to keep the HTF solvent for
approximately eight years at current funding
levels. Camp's proposal would also generate about
$200 million between 2014-2023 through a 6cent-per-gallon fee for ships traveling the inland
waterways.
Tonnage of Asphalt by Fiscal Year
FISCAL YEAR
2009
2010
2011
2012
2013
Grand Total
TONS
5,677,537
4,200,894
4,983,238
4,113,287
5,043,524
24,018,480
TOTAL AMOUNT LET
$339,772,747
$247,532,090
$317,459,153
$272,955,644
$355,222,731
$1,532,942,365
Questions
?

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