1 Current Funding of Surface Transportation Infrastructure Briefing for the National Surface Transportation Infrastructure Financing Commission April 25,

1

Current Funding of Surface Transportation Infrastructure

Briefing for the

National Surface Transportation

Infrastructure Financing Commission

April 25, 2007

2

Highway Expenditures

Total Federal, State & Local Government Highway Expenditures in 2004: $147.5b

Maintenance and Operations

24.6%

Capital Outlay47.6%

Bond Retirement

5.4%

Administration8.6%

Highway Patrol and

Safety9.7%

Interest on Debt3.9%

3

Highway Capital Outlay

Total Federal, State and Local Government Capital Outlay in 2004: $70.3b

Other System Expansion

18.3%

New Roads and Bridges20.9%

System Rehabilitation

51.8%

System Enhancements

9.0%

4

Highway Expenditures

Highway Spending, 1997 to 2004, All Govts.

0

20

40

60

80

100

120

140

160

1997

1998

1999

2000

2001

2002

2003

2004

Bil

lion

s of

Dol

lars

TotalCapital

5

Highway Revenue Sources

Combined Federal, State and local government

receipts for Highways in 2004: $145.3b

Tolls4.5%

Bonds10.9%

Other 15.8%

General Funds16.2%

Motor-Vehicle Taxes14.3%

Motor-Fuel Taxes38.3%

6

Highway Revenue SourcesFunding for Highways

Federal Percentage, 1957 to 2004

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

1957 1962 1967 1972 1977 1982 1987 1992 1997 2002

Total Capital Outlays

7

Transit Expenditures

Total expenditures in 2004: $38 billion

Vehicle Operating Expenses

35.4%

Capital Investment

33.2%

Vehicle Maintenance

Expenses13.2%

Non-vehicle Maintenance

7.1%

General Administration

11.1%

8

Transit Expenditures

• Transit spending in 2004, relative to 1997: – Total: $38.0 billion, up 66%– Capital $12.6 billion, up 65%

0

5

10

15

20

25

30

35

40

1997 1999 2001 2003 2005

Bil

lion

s of

Dol

lars

TotalCapitalOperating

9

Transit Expenditures

• Transit Capital spending in 2004, relative to 1997: – Federal: $4.9 billion, up 48.8%– State and Local: $7.7 billion, up 108.1%

0

1

2

3

4

5

6

7

8

9

1997 1999 2001 2003 2005

Bil

lion

s of

Dol

lars

State & LocalFederal

10

Transit Revenue Sources

2004 Available Transit Funds by Provider: $39.5 billion

Local34.6%

System-Generated

28.0%

State19.7%

Federal17.7%

11

Transit Revenue Sources

2004 Available funds by Revenue Source

General Fund15.5%

Fuel Tax15.7%

Sales Tax17.4%

Income Tax0.7%

Other Public Funds16.5%

Other Dedicated Taxes4.6%

Property Tax1.4%

Other System-Generated Revenue

5.0%

Passenger Fares23.1%