PowerPoint Presentation - Kaufman County Transportation Bond

advertisement

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 9 th

40 th fastest growing County in Texas and the fastest growing county in the U.S.

NCTCOG Population Projection

Year 2013 = 110,000 people

Year 2030 =277,000 people http://research.stlouisfed.org

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 3 Projects

Precinct 3 Projects

13

14

15

16

23

24

25

Project #

3

Project Name

County Roads (Precinct 3)

Spur 557 Frontage Rd, Ramps and CR

305 (Las Lomas Pkwy) Bridge

FM 986 - Advanced Planning

FM 148/ SH 205/ US 80 /RR

Intersection Improvements

FM 148 North

Hwy 80 Regional Planning Study

Highway 34 Advanced Planning

Regional Transportation Plan

Total

Project

Cost

$1,000,000

$11,000,000

$1,000,000

$6,600,000

$6,700,000

$1,000,000

$1,500,000

$1,000,000

Total Project

Cost

$29,800,000

Local

Funds

$4,500,000

TxDOT and

Federal

Funds

2013 County

Bond Funds

$0

$0

$0

Comments

$1,000,000

Funding gap in Pass Through

$6,500,000 Project, expect a proportional payback of $3.6M

$1,000,000

$4,620,000

$0

$0

$0

$2,000,000

$6,700,000

Pass Through Project, expect payback amount of $2.16M

$1,000,000

$1,500,000

$0

$1,000,000

County Cost

$20,700,000

Pass-Through Payback

$5,760,000

*Project costs are estimates

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - Project Facts

Precinct 3 - 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??

Download