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Since the time of the 1992 Transportation Working Paper, several events have occurred which <br />affect the level of funding for the City's Road Fund. These include: <br />~ The 1993 Oregon State Legislature did not approve an increase in the state gas tax; <br />• The City's Street Tree Program was transferred from the General Fund to the Road Fund. <br />This increased annual Road Fund operating costs by approximately $240,000; <br />• The Fiscal Year 1995-2000 Capital Budget for the Road Fund was capped at $1.8 million <br />to prevent a projected deficit in the fund for this period; <br />• Revenues from Transportation Systems Development charges have not been sufficient to <br />meet the short-term needs for. system expansion; <br />• While -Lane County Road Fund contributions to the City's Road Fund were increased <br />approximately $660,000 in Fiscal Year 1994, they are now expected to decrease <br />dramatically. In fact, by the Year 2,000, these funds are expected to decrease by $1 <br />million, from a total of $2,731,222 in Fiscal Year 1997, to $2,231,222 in Fiscal Year 1998, <br />to $1,731,222 in Fiscal Year 1999, and then to an annual amount of $1,481,000 in Fiscal <br />Year 2000 and beyond; <br />• At the request of the City Council in August 1996, the $1.2 million I-105 sound wall <br />project has been included in the Funded section, and reflects the City's contribution of <br />$150,000. <br />The reductions in revenue from the County have been reflected in reductions to the City's <br />Road Fund capital projects. Projects on Pages 47-51 which are indicated by an asterisk reflect <br />projects which have been funded in previous CIPs but have no funding in the Draft CIP <br />because of the decrease in Road Funds. Funding for preservation projects will be retained to <br />the maximum extent possible. New capital projects will be funded primarily by assessments <br />to property owners and Systems Development Capital Project Funds. <br />New funding sources will be necessary to augment the Road Fund and the Transportation <br />Systems Development Capital Projects Fund in order to address long-term transportation <br />system preservation and maintenance and capacity enhancements, as well as facility upgrades <br />to current standards. These sources could include a transportation utility fund (TUF), a <br />regional option gas tax, an increase in the state gas tax, or some combination of these sources. <br />~ City of Eugene .1998-2003 Capital Improvement Program <br />Project and Program Areas -Transportation <br />46 <br />