Meeting Name Date Agenda • Introductions • Transportation Funding 101 • Program Development Process • Program Projects • Strategic Funding • Tax Rate Implications • Public Information Transportation – The Big Picture • The Texas Transportation Institute found that Texas needs: • $6B annually to slow deteriorating pavement conditions and congestion • $10B annually to keep 2010 conditions stable • Currently there is $2.8B available budget for 2014 and 2015 http://transportationadvocatesoftexas.org Why Such a Shortfall? • There are many reasons • Population – Increased congestion and maintenance • Increased cost of resources and construction • Vehicle fuel efficiency and Inflation affecting the tax rate http://transportationadvocatesoftexas.org Kaufman County • Kaufman County is the 9th fastest growing County in Texas and the 40th fastest growing county in the U.S. http://research.stlouisfed.org • NCTCOG Population Projection • • Year 2013 = 110,000 people Year 2030 =277,000 people Process – Data Collection • Sources for candidate project solicitation • • • • • County Judge & Commissioners All Cities Texas Department of Transportation (TxDOT) NCTCOG ISD Superintendents • A total of 80 projects were submitted for consideration in the bond program, totaling over $400M Process – Project Evaluation • Project Considerations • • • • • • • • Safety Improvements Congestion Alleviation Proximity to Schools & High Traffic Generators Air Quality Improvement Economic Development Significant Alternate Route Creation External Funding Availability Fast Start Project / Bond Term Viability • A Total of 26 projects were included totaling an estimated cost of $56M All Projects All Projects *Project costs are estimates Precinct 4 Projects Precinct 4 Projects Total Project Cost Project Project Name # 4 17 County Roads (Precinct 4) US 175/ FM 1895 Intersection Improvements TxDOT 2013 Local and County Funds Federal Bond Funds Funds $1,000,000 $0 $200,000 $0 Comments $1,000,000 $200,000 18 US 175 South Frontage Rd $6,800,000 $4,760,000 $2,100,000 19 FM 148 By-Pass $4,700,000 $3,290,000 $1,500,000 20 $12,000,000 $8,400,000 21 FM 148 (FM 1390 to FM 3094) CR 4006 Improvements $200,000 $0 22 SH 34 main lane and Intersection Improvements $7,600,000 $5,320,000 25 Regional Transportation Plan $1,000,000 $0 $3,600,000 $200,000 $2,300,000 $1,000,000 Total Project Cost County Cost Pass-Through Payback $33,500,000 $11,900,000 $0 *Project costs are estimates Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Precinct 4 - Project Facts Program Project Summary • $4M - Funding County Road Materials • $19.2M - Pass Through Projects • $2.6M – Intersection Safety Improvements • $6.9M - Advanced Planning (Env. & Schematic Design) • $2M – Countywide Transportation Studies • $3M – Strategic Project Funding • $18.3M – General Roadway Design and Construction Strategic Funding • Program Funding Sources • County • Local City Participation • TxDOT and Federal Funds Tax Rate Implications • $0.036 (3.6¢) per $100 taxable value • Average home value=$122,000 $43.92 per year $3.66 per month * Important - The amount of taxes on residential homesteads of persons 65 and older will not increase above the amount of taxes when they qualified to receive the freeze exemption. Public Information • Website • www.KaufmanCountyTransportation.com Public Information • Bond Program Educational Presentations • Voters Educational Brochure • Website Thank You! QUESTIONS??