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Projected Funding for Pavement Preservation Program FY17through FY24
<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. There are several
<br />sources that contribute funding for pavement rehabilitation and reconstruction projects. The
<br />primary source of ongoing revenue is the Cis ), which is
<br />currently levied at 5 cents per gallon. The reimbursement component of Transportation System
<br />Development Charges (SDCs) have historically generated close to $800,000 per year for PPP
<br />projects, but have dropped significantly. The cumulative effect of these factors is that PPP annual
<br />revenues, which were once projected at $4.2 million annually, are now projected to level out at
<br />approximately $3.2million.
<br />Projected Funding Sources Pavement Preservation Projects
<br />FY17 through FY24
<br />Fiscal YearLocal Gas TaxSDCBondOtherTotal Funding
<br />Note 1Note 2Note 3Note 4
<br />FY17 (actual)$3,081,192$600,251$8,600,000$44,962$12,326,405
<br />FY18 (actual)$3,135,901$636,858$8,900,000$48,671$12,721,430
<br />FY19 (est)$3,300,000$562,000$6,220,000$60,000$10,142,000
<br />FY20 (est)$3,100,000$98,000$9,755,000$49,000$13,002,000
<br />FY21 (est)$3,100,000$80,500$9,430,000$49,000$12,659,500
<br />FY22 (est)$3,100,000$80,500$9,720,000$49,000$12,949,500
<br />FY23 (est)$3,100,000$80,500$9,620,000$49,000$12,849,500
<br />FY24 (est)$3,100,000$80,500$9,990,000$49,000$13,219,500
<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.
<br />The estimate year's does not include reimbursements from other agency. This does not include the Jurisdictional transfer funds for Hwy 99.
<br />Table 3 Projected Funduing Sources PPP FY17-FY24
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<br />May 29, 2019, Work Session - Item B
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