recommendations from the minnesota transportation finance advisory committee

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Recommendations from theMinnesota Transportation Finance Advisory Committeewww.mndot.gov/TFAC

KEEP MOVINGTO KEEP AHEAD

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

To maintain what we have and position Minnesota for

the future, we need to invest in our transportation

infrastructure.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our transportation system needs to:- Help Minnesota businesses access labor, move

products, prosper and stay in Minnesota- Help Minnesota compete for jobs, talent and economic

growth with other states and regions that are investing in their transportation systems

- Be designed to handle Minnesota’s growing and changing population

- Be modern and better than ever before

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Over 70 leaders agree

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our transportation system is a vital part of keeping Minnesotans connected.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Keeping Minnesotans connected

Easing commutes and giving businesses access to over 500,000 more employees

Our transportation system connects us to:

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment and growthHow much do we drive?

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our transportation system needs to accommodate our growth and

changing population.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Accommodate growthThe amount of goods we’re moving is growing by 2030

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Greater demands on our commutes

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our transportation system is aging and needs updating.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our system is agingSeasonal changes, a short construction season and inadequate funding all contribute to the condition of our interstate highway pavements, placing Minnesota 44th in the nation.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Our system is agingMinnesota has over:

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

50% of MnDOT’s pavements are over 50 years old

40% of MnDOT’s bridges are over 40 years old

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investing nowThe buying power of projected revenue is expected to decrease over the next 20 years.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Projected growth*An expanded transit brings enhanced mobility to the region, which has benefits for both highway and transit users.

* Itasca Project | Regional Transit System | ROI Assessment

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment and economic growth go hand in hand.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment and growthWe need a robust, efficient transit system to compete with other regions for jobs, talent and economic development.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment and growthOther regions know transit matters and are investing more.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment and growthTransportation investment would benefit all Minnesotans.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Investment & economic growth

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Funding would come from 4 areas:

System-wide revenue options for roads

Local government revenue options

Transit related dedicated sales tax

Create innovative revenue options

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Keep moving to keep ahead• Minnesota’s transportation needs have to

meet the needs of a growing population.• To compete economically, both regionally

and nationally, an investment must be made or we will fall behind.

• Our economic viability, as well as the quality of life for all Minnesotans depends on a sound transportation system.

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Minnesota Transportation Finance Advisory Committeewww.mndot.gov/TFAC