FY 2002-07 Eugene CIP - Laserfiche WebLink

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Projects in the latter two categories provide opportunities to respond to adopted Growth Management policies 11 (enhancing alternative modes of transportation), 13 (relieving severe congestion), and 15 (supporting desirable forms of development). Funding Outlook The Road Fund provides no funding in this CIP for capital needs over the next six years. This reflects continued uncertainty about Lane County's planned reductions in the County/City Road Partnership Agreement, no increase in the state gas tax for the past ten years, and-the ongoing needs for road system operations and maintenance as reflected in the Public Works Department's operating budget. For the Transportation Systems Development Fund, revenues from systems development charges fluctuate based on annual development activity. Projects and programs listed for each year in the Six-Year Funded Program have been selected in order to match the anticipated amounts for this fund. In supporting the work of the Eugene Budget Committee Subcommittee on Transportation Financing, the Public Works Department developed a Pavement Management System Report (February 2001). This analysis shows a $53 million backlog in preservation and reconstruction needs. The analysis also identified an ongoing need of approximately $3.2 million per year to preserve the existing condition of the transportation system and avoid- additional backlogs. During the past six years, several events have occurred which affect the level of funding for the City's Road Fund: • Oregon's gasoline tax has not increased since 1991; • The City's Street Tree Program was transferred from the General Fund; n har es have not been Revenues from Trans ortation S stems Develo met C P Y P g sufficient to meet the short-term needs for system expansion; • Lane County Road Fund annual contributions to the City's Road .Fund have decreased over the past four years, from $2J million in FY97 to less than $1.3 million in FY01. The current one-year agreement expires in July 2001'. The reductions in revenue to the Road Fund are reflected in the proposed elimination of the tion ro'ects. r "ects. There is no ro osed fundin for reserva ~ Cit s Road Fund ca ital o p g p p J Y p p J p New capital projects will be funded. primarily by assessments to property owners and the System. Development Capital Projects Fund. New funding sources will be necessary to augment the Road Fund and the Transportation Systems Development Capital Projects Fund in order to address long-term transportation system preservation and maintenance, capacity enhancements, and facility upgrades. The City's Budget Committee Subcommittee on Transportation Financing is in the process of evaluating the overall road-related needs and potential funding sources. City of Eugene 2002-2007 Capital Improvement Program Page 58 _ _