trb chairman's luncheon - january 16, 2013
DESCRIPTION
TRANSCRIPT
![Page 1: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/1.jpg)
TRB Chairman’s Luncheon
Building Highway Capacity
John HorsleyExecutive DirectorJanuary 16, 2013
![Page 2: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/2.jpg)
TRB Speech like a Texas Longhorn: “Two points with a lot of bull in between”
![Page 3: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/3.jpg)
Three Points• Need to increase
highway capacity
• Ability of states to build that capacity
• Ways Congress can fund it
![Page 4: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/4.jpg)
AASHTO Supports Transit
• In 2012, AASHTO, APTA and others defeated an attempt to undercut long-term funding for transit
• States provide more funding for transit than the federal government. In 2012,States $13.6 billion, Federal $11.7 billion
• AASHTO goal: Double transit ridership in 20 years
![Page 5: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/5.jpg)
1960 2013
Population 160 million 315 million Doubled
Vehicle Miles 1 trillion 3 trillion Tripled
Heavy Trucks 700,000 2.5 million Quadrupled
1. Need for Highway Capacity: Backlog over last 50 years
![Page 6: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/6.jpg)
From 1980 to 2010, Interstate Traffic Increased by 150%, While Capacity Increased Only 15%: Result - Bottlenecks
![Page 7: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/7.jpg)
Highway Capacity Needed over next 40 years
• As U.S. population grows by 100 million
• As truck freight doubles
• As vehicle miles traveled increases from
3 trillion to 4 trillion or more
You do the math and judge for yourself whether additional highway capacity will be needed
![Page 8: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/8.jpg)
2. Ability of States to Build Highway Capacity Needed
• Three projects completed over last 5 years
• Three projects to be completed over next 5 years
• Dispell Myth that States can’t build big projects anymore
![Page 9: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/9.jpg)
$2.5 Billion Woodrow Wilson Bridge, Maryland and Virginia DOTs, 2008
![Page 10: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/10.jpg)
$685 Million Legacy Parkway, Utah DOT, 2008
![Page 11: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/11.jpg)
$1.9 Billion I-495 Beltway HOT Lanes, Virginia DOT, Transurban/Fluor PPP
![Page 12: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/12.jpg)
$6.4 Billion San Francisco Bay Bridge Replacement, Caltrans, 2013
![Page 13: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/13.jpg)
$2.5 Billion Louisville Bridges, KYDOT Design-Build, INDOT PPP
![Page 14: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/14.jpg)
$2 Billion Detroit, Michigan to Windsor, Ontario International Bridge
![Page 15: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/15.jpg)
Given political will and a way to fund the project, states can build what the country needs
![Page 16: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/16.jpg)
3. Ways Congress Can Fund Needed Highway and Transit Investment
• $50 billion TRIP Bond program
• Tax Reform to restore solvency to Highway Trust Fund by
• replacing cents per gallon excise tax on fuels with a sales tax
![Page 17: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/17.jpg)
$50 Billion TRIP Bond Program,
$1 Billion for Every State• Sponsored by Sen. Ron Wyden, Oregon (D),
and Sen. John Hoeven, North Dakota (R)• Wyden’s Build America Bonds, authorized 2009
$181 billion issued, 25% for transportation• From proceeds of TRIP bonds, over 6 years
every state would receive $1 billion in cash• No debt incurred by states, cost to U.S. Treasury
totally paid for through customs fees
![Page 18: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/18.jpg)
Transportation’s Fiscal Cliff October,2014
![Page 19: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/19.jpg)
Tax Reform to Restore Solvency ofHighway Trust Fund
• Replace cents per gallon excise tax with sales tax on fuels
• Twelve states already levy sales taxes• Federal Government spends $15 billion more
each year than revenues coming in• Rate to be set at level that restores solvency to
Highway Trust Fund• Sales taxes indexed to price of fuel
![Page 20: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/20.jpg)
Potential Sales Tax Receipts
(Figures in billions)
2013 2014 2015 2016 2017 2018
GASOLINE RECEIPTS(at 8.4%)
$37.7 $39.6 $40.8 $41.3 $41.9 $42.2
DIESEL RECEIPTS(at 10.6%) $14.7 $15.6 $16.3 $16.8 $17.2 $17.6
TOTAL $52.4 $55.2 $57.1 $58.0 $59.1 $59.8
Note: Based on Energy Information Administration forecast of fuel prices. 2013 average sales-weighted gasoline price for all grades with all federal, state, and local state taxes is $3.29; diesel is $2.70.
![Page 21: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/21.jpg)
Stable Future for Highway and Transit Programs 2013-2018
• Funding program at current levels would require $320 billion
• Excise taxes are expected to generate • $236 billion.• Sales tax revenues would generate about • $350 billion • At stake is more than $100 billion
![Page 22: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/22.jpg)
Four Questions for Members of Congress: Left and Right
• Do you want to sustain the program at current levels or reduce it and cut thousands of jobs?
• Do you want to sustain the program by transferring more general fund dollars, or make transportation users pay their own way?
• By shifting to a sales tax, do you want to reduce the deficit $150 billion over ten years?
• If you could do all this and it would cost drivers less than $1 dollar per week per car, wouldn’t this make sense?
![Page 23: TRB Chairman's Luncheon - January 16, 2013](https://reader035.vdocuments.us/reader035/viewer/2022062617/54bf2f8b4a79592e3c8b461b/html5/thumbnails/23.jpg)
Please Join Forces to Demand that Congress Provide Long-term Funding for Transportation