Quantifying Transportation Quantifying Transportation Needs Needs and Assessing Revenue Options: and Assessing Revenue Options: The Texas Experience The Texas Experience presented to presented to The Arkansas Blue Ribbon The Arkansas Blue Ribbon Committee on Highway Finance Committee on Highway Finance Dr. David Ellis Research Scientist Texas Transportation Institute The Texas A&M University System College Station, Texas Phone: 979.845.6165 E-mail: [email protected]
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Dr. David Ellis Research Scientist Texas Transportation Institute The Texas A&M University System
Quantifying Transportation Needs and Assessing Revenue Options: The Texas Experience presented to The Arkansas Blue Ribbon Committee on Highway Finance. Dr. David Ellis Research Scientist Texas Transportation Institute The Texas A&M University System College Station, Texas - PowerPoint PPT Presentation
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Performance Measures• Peak and free-flow travel speed• Delay reductions from signal
coordination,• access mgmt, incident clearance,
ramp metering• Texas Congestion Index • Delay per “commuter” • Total delay and extra fuel costs
Types of BenefitsTypes of BenefitsDelay savings – compared to free-flowFuel savings – simple estimate (% of
delay)Reduced cost of goods and services
(productivity)Business Effects
◦Economic impact of construction◦Business profitability & job creation
Local tax revenue
Maintain Economic Competitiveness
Reduce Congestion
Current Funding Trend
Prevent Worsening Congestion
Inadequate Mobility Investment
MINIMUM
Delay Hours per Commuter in 2030
Mobility Investment and Congestion Mobility Investment and Congestion MitigationMitigation
Costs of Improvements and Costs of Improvements and CongestionCongestion
Total Investment Needed: 2010 to Total Investment Needed: 2010 to 20302030(in 2008 $)(in 2008 $)
2030 Need Area Investment Required
Pavements $ 89 Billion
Bridges $ 36 Billion
Urban Mobility $ 171 Billion
Rural Mobility and Safety Projects $ 17 Billion
TOTAL $ 313 Billion
The Transportation The Transportation Revenue Estimator and Revenue Estimator and Needs Determination Needs Determination System (TRENDS) ModelSystem (TRENDS) Model
Dynamic and InteractiveDynamic and InteractiveAnalytical Planning ToolAnalytical Planning ToolWeb-basedMenu DrivenAllows User to Make Choices
TRENDS Model ProcessTRENDS Model ProcessGallons of Fuel UsedPopulationRelationship of Fuel Used to
PopulationFuel EfficiencyFuel Used/Fuel Efficiency = VMTFuture Population yields Future
Fuel Use and VMT
The Relationship Between The Relationship Between Gasoline Used and Gasoline Used and PopulationPopulation
Relationship Between Diesel Relationship Between Diesel Fuel and PopulationFuel and Population
Historical and Projected Fuel Tax Revenues Historical and Projected Fuel Tax Revenues TexasTexas
Over the next 20 years:
• VMT is projected to increase 33 percent
• Fuel tax revenue is projected to decrease 23 percent
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
1936
1939
1942
1945
1948
1951
1954
1957
1960
1963
1966
1969
1972
1975
1978
1981
1984
1987
1990
1993
1996
1999
2002
2005
2008
WW IIRationing
Nominal Price: +33%Real Price: +20%
VMT: -2.5%
Nominal Price: +46%Real Price: +38%
VMT: -3.3%
Nominal Price: +36%Real Price: +23%
VMT: -1.0%
Vehicle Miles Traveled in the United States (in millions): 1936 through 2009Vehicle Miles Traveled in the United States (in millions): 1936 through 2009(Source: Federal Highway Administration)(Source: Federal Highway Administration)
0.200.25
0.610.67 0.67
0.84 0.850.81
0.78
0.31
0.23
0.51
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
Janu
ary
Febr
uary
Mar
ch
Apr
il
May
June
July
Aug
ust
Sept
embe
r
Oct
ober
Nov
embe
r
Dec
embe
r
R-S
quar
ed V
alue
R-Squared Value - Price of Gasoline and Per Capita Consumption by Month
August 1997 through July 2009
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
-60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0%
Percent Change in Consumption Per Capita
Perc
ent C
hang
e in
Pric
eConsumption UpPrice Up
Consumption UpPrice Down
Consumption DownPrice Down
Consumption DownPrice Up
Year-Over-Year Percent Change in Consumption of Gasoline Per Capita Versus Year-Over-Year in Percent Change in Gasoline
Price in Texas(All Months - August 1997 through July 2009)