THE FUTURE OF FEDERAL TRANSPORTATION FUNDING: THE FAST ACT AND WHAT IT MEANS FOR STATES

Transcription

1 THE FUTURE OF FEDERAL TRANSPORTATION FUNDING: THE FAST ACT AND WHAT IT MEANS FOR STATES Thursday, Dec 10, 2015 National Conference of State Legislatures

2 The Fast Act The Fixing America s Surface Transportation Act $305 billion, Five-Year Reauthorization Highways, Transit & Rail 15% increase for highways 18% increase for transit

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6 We are not driving as much

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8 Stayin Alive Transfers to Highway Trust Fund Since 2008: $70 Billion FY 2008: $8 Billion from the GF FY 2009: $7 Billion from the GF FY 2010: $19.5 Billion from the GF FY 2012: $2.4 Billion from LUST FY 2013: $5.9 Billion from the GF FY 2014: $20.5 Billion from the GF and LUST FY 2015: $8.1 Billion from the GF

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11 The Components of the FAST ACT 11

12 Federal-Aid Highway Program FY 2015 $37.8 billion FY billion

13 Surface Transportation Program STBGP $10.1 billion to $12.1 billion Increases funding for locals by 1% per year Davis-Titus Amendment Transportation Alternatives $820 million to $850 million

14 Highways Cont d National Highway Performance Program $21.9 billion increased to $24.2 billion Can be used for TIFIA Allowable on non-nhs bridges Congestion Mitigation & Air Quality Program $2.3 billion to $2.5 billion

15 Highway Safety Highway Safety Improvement Program $2.2 billion to $2.4 billion High Safety Grant Program (Section 402) $235 million to $280 million National Priority Safety Program (405) $272 million to $286 million

16 National Highway Freight Program New formula grant $1.14 billion FY 2016 to $1.49 billion FY 2020 National Significant Freight and Highway Projects New competitive grant program $800 million in FY 2016; increasing by $50 million per year Requires redesignation of network every 5 years to reflect changes in freight flows

17 Surface Transportation Funding System Alternatives $95 million in new competitive grant funding User-based alternative to maintain long-term solvency of HTF States receiving funds shall address implementation, interoperability, public acceptance and other hurdles to adoption of alternative

18 Transportation Infrastructure Finance and Innovation Program (TIFIA) Reduced from $1 billion to $275 million in FY 2016; increased to $300 million by FY 2020 Reduces project qualification threshold to $10 from $25 million Transit Oriented Development (TOD) projects can now qualify

19 Build America Transportation Investment Center Institute Partnership with AASHTO Increase public sector analysis, understanding and use of project finance techniques Training Best practices Technical assistance

20 Tolling Interstate System Reconstruction and Rehabilitation Pilot Program Demonstrate project legislation has been approved within 1 year New Capacity

21 Public Transit $61.1 billion over five years Total authorization increased from $10.7 billion to $12.6 billion Bus and Bus Facilities Program Lower federal match for New Starts 10% increase for Rural Grant Program Expands National Safety Plan requirements

22 Crude by Rail Thermal blanket standard All tank cars transporting crude must now be 117s regardless of train composition PHMSA must develop regulations for information sharing with SERCs Requires development of OSRP Develop, within 1 year, real-time information on hazardous materials being transported

23 Speeding Project Delivery New Bundling Provisions (Bridges) Transparency website State based NEPA pilot program Paying for faster review? CE Indexing Federal Permitting Improvement Council

24 Some of the Many Other Issues Pollinators Export-Import Bank DOE Emergency measures WIFIA Postive Train Control

25 Technically feasible revenue options

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