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Projected Funding for Pavement Preservation Program FY16through FY23
<br />From the inception of the Pavement Preservation Program (PPP), Eugene has been faced with
<br />the challenge of securing adequate, sustainable funding for this program. Currently there are
<br />several sources that contribute funding for pavement rehabilitation and reconstruction projects.
<br />The primary source of ongoing revenue is the s ),
<br />which is currently levied at 5 cents per gallon. The reimbursement component of Transportation
<br />System Development Charges (SDCs) have historically generated close to $800,000 per year for
<br />PPP projects. The cumulative effect of these factors is that PPP annual revenues, which were
<br />once projected at $4.2 million per year, are now projected to level out at approximately $3.3
<br />million per year
<br />In2008, voters approved a $35.9 million dollar bond measure dedicated to 32 street preservation
<br />projects and shared-use path rehabilitation work. Based on numerous economic factors
<br />construction bids were significantly less than anticipated allowing 22 streets to be added to the
<br />original 32 streets approved by voters.
<br />In2012, voters approved a second $43 million bond measure dedicated to 76street preservation
<br />projects plus $516,000 annually to support bicycle and pedestrian projects. The measure will
<br />generate approximately $8 million annually for FY14 through FY18. Projects funded through
<br />this bond are anticipated to be completed in 2018.
<br />In 2017, a third five-year bond measure for street preservation, bicycle and pedestrian
<br />improvements was approved by Eugene voters. Of the $51.2 million bond, 91 road projects will
<br />be completed and will include $5 million going towards pedestrian and bicycle infrastructure,
<br />and safety improvements.
<br />Projected Funding Sources Pavement Preservation Projects
<br />FY16 through FY23
<br />Fiscal YearLocal Gas TaxSDCBondOtherTotal Funding
<br />Note 1Note 2Note 3Note 4
<br />FY16 (actual)$3,050,845$501,878$6,934,842$62,755$10,550,320
<br />FY17 (actual)$3,081,192$474,812$8,600,000$44,962$12,200,966
<br />FY18 (est)$3,000,000$316,300$8,900,000$23,000$12,239,300
<br />FY19 (est)$3,000,000$300,000$6,220,000$23,000$9,543,000
<br />FY20 (est)$3,000,000$300,000$8,448,000$23,000$11,771,000
<br />FY21 (est)$3,000,000$300,000$8,808,000$23,000$12,131,000
<br />FY22 (est)$3,000,000$300,000$9,178,000$23,000$12,501,000
<br />FY23 (est)$3,000,000$300,000$9,968,000$23,000$13,291,000
<br />Notes:
<br />1) Local Motor Vehicle Fuel Tax (gas tax) revenues are assumed at the 5-cent level throughout the forecast period.
<br />2) SDC reimbursement revenue is projected to maintain low level of activity through the forecasted period.
<br />3) November 2017 voters passed a 3rd 5 year bond. November 2012 voters passed a second five year bond measure starting FY15.
<br />4) "Other" revenue generally includes investment interest, permit fees and other miscellaneous resources. The estimated
<br /> fiscal years do not include reimbursements from other agencies.
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