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Projected Funding for Pavement Preservation Program FY12 through FY18
<br />From the inception of the Pavement Preservation Program (PPP), Eugene has been faced with the
<br />challenge of securing adequate, sustainable funding for this program. Currently there are several
<br />sources that contribute funding for pavement rehabilitation and reconstruction projects. The primary
<br />source of ongoing revenue is the City's local motor vehicle fuel tax ( "gas tax "), which is currently
<br />levied at 5 cents per gallon. The reimbursement component of Transportation System Development
<br />Charges (SDCs) have historically generated close to $800,000 per year for PPP projects. In the
<br />current economic environment, building permit activity continues to be low, reducing the level of this
<br />funding stream. The cumulative effect of these factors is that PPP annual revenues, which were once
<br />projected at $4.2 million per year, are now projected to level out at approximately $3 million per year
<br />In 2008, 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 construction
<br />bids were significantly less than anticipated allowing 22 streets to be added to the original 32 streets
<br />approved by voters.
<br />In 2012, voters approved a second $43 million bond measure dedicated to 76 street preservation
<br />projects plus $516,000 annually to support bicycle and pedestrian projects. The measure will generate
<br />approximately $8 million annually for FY14 through FY18.
<br />With the funding identified approximately 112 lane miles of City streets and will be repaired. To date
<br />approximately 3 miles of off - street shared -use paths have been repaired.
<br />Projected Funding Sources Pavement Preservation Projects
<br />FY12 - FY18
<br />Fiscal Year Local Gas Tax SDC Bond
<br />FY12 (actual) $3,045,192 $390,645 $7,140,000
<br />FY13 (est.) $3,060,000 $136,600 $7,480,000
<br />FY14 (est.) $3,060,000 $186,746 $7,840,000
<br />FY15 (est.) $3,060,000 $186,746 $8,000,000
<br />FY16 (est.) $3,060,000 $186,746 $8,290,000
<br />FY17 (est) $3,060,000 $186,746 $8,590,000
<br />FY18 (est) $3,060,000 $186,746 $8,900,000
<br />Total
<br />Other* Funding
<br />$41,748 $10,617,585
<br />$20,580 $10,697,180
<br />$37,088 $11,123,834
<br />$35,644 $11,282,390
<br />$36,710 $11,573,456
<br />$37,463 $11,874,209
<br />$36,845 $12,183,591
<br />* "Other" revenue includes investment interest, permit fees and other miscellaneous resources.
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