New Search
Funding Outlook <br /> The Road Fund provides no funding in this CIP for capital needs over the next six years. This <br /> ~ reflects Lane County's planned reductions in the County/City Road Partnership Agreement, no _ <br /> increase in the state gas tax for the past 10 years, and the ongoing needs for road system <br /> operations and maintenance in the Public Works Department's operating budget. For the , <br /> Transportation System Development Charge Fund, revenues from system development charges <br /> fluctuate based on annual development activity. Projects and programs listed for each year in the ' <br /> Six-Year Funded Program have been selected in order to match the anticipated amounts for this <br /> fund. <br /> In supporting the work of the Eugene Budget Committee Subcommittee on Transportation <br /> Financing, the Public Works Department developed a Pavement Management System Report <br /> (February 2001). This analysis showed a $67 million backlog in preservation and reconstruction ~ <br /> needs in 2001 that will grow to $231 million by 2011 if preservation needs are not addressed. <br /> The analysis also identified an ongoing need of approximately $8.5 million per year to preserve <br /> <br /> j and rehabilitate the existing transportation system and to reduce the backlog to $40 million by ` <br /> 2411. The implementation of the Transportation System Development Charge Reimbursement '.'1 <br /> Fee and the creation of the Transportation Utility Fund in 2002, with its associated revenue <br /> sources including a proposed Transportation System Maintenance Fee and a Local Motor <br /> Vehicle Fuel Tax aze ex ected to rovide the a ro nate level of fundin to meet reservation <br /> P p PP p. g P <br /> and rehabilitation needs. In addition, the CIP includes $500,000 of federal funds for system <br /> maintenance. The federal funds represent a portion of the City's allocation of Surface <br /> Transportation Program (STP) funds. <br /> During the past six yeazs, several events have occurred which affect the level of funding for the <br /> City's Road Fund: <br /> • Oregon's gasoline tax has not increased since 1993; <br /> • The City's Street Tree Program was transferred from the General Fund; <br /> • Revenues from Transportation System Development Charges have not been sufficient to <br /> meet the short-term needs for system expansion; ~ <br /> • Lane. County Road Fund annual contributions to the City's Road Fund have decreased over <br /> the past four years, from $2.7 million in FY97 to less than $1.3 million in FY01 and the ; = <br /> current one-year agreement expires in June 2003. <br /> The reductions in revenue to the Road Fund are reflected in the elimination of Road Fund capital r <br /> projects. New capital projects will be funded primarily by assessments to property owners and <br /> he System Development Charge Fund. <br /> Funded and Unfunded Programs <br /> Because of the wide gap between transportation needs and available resources, transportation ' <br /> projects are separated into the Six-Year Funded Program and an Unfunded Program. The ' <br /> individual project costs listed in the Table of Unfunded Projects aze only budget planning <br /> estimates, and aze generally not based on detailed cost estimates. <br /> City of Eugene 2004 - 2009 Capital Improvement Program <br /> Page 91 <br /> ~ <br /> <br />