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Fuel Tax Indexing

Regional Transportation Commission of Southern Nevada. Fuel Tax Indexing. July 9, 2013. RTC Source of Funding: Streets & Highways. Fuel Tax. Sales Tax. Streets and Highway Average Annual Revenue Available (committed to existing projects):. $136M. $150M. Past Funds. $100M. $50M. $22.4M.

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Fuel Tax Indexing

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  1. Regional Transportation Commission of Southern Nevada Fuel Tax Indexing July 9, 2013

  2. RTC Source of Funding: Streets & Highways Fuel Tax Sales Tax

  3. Streets and Highway Average Annual Revenue Available (committed to existing projects): $136M $150M Past Funds $100M $50M $22.4M Future Funds $0 2002-2012 2014-2023

  4. Motor Fuel Tax Decline Available Funds $34,979,420 $8,121,415

  5. Loss of Purchasing Power CPI: 36% loss PPI: 58% loss

  6. What Can We Build with $22.4M a Year? 1 Interchange or 1 Mile Roadway or 1 Beltway Segment without Bridges

  7. Indexing Fuel Tax

  8. Indexing Fuel Tax Impact A “dime per day” $16.35 first year. $33.64 second year. $51.95 third year.

  9. Job Creation with Indexing Over a three year period, the RTC expects to receive approximately $700-$800 Million

  10. Job Creation with Indexing That will create 9,577 Jobs Direct, Indirect & Induced

  11. Job Creation with Indexing To build 183 Transportation Projects

  12. Job Creation with Indexing With construction starting Spring 2014

  13. Critical Need: I-11 Phases 1 & 2

  14. Critical Need: Beltway to Freeway Standards

  15. Ramp meters Timing and coordinating of signals Dynamic message signs Traffic cameras Critical Need: FAST Traffic Improvements

  16. Critical Need: Maryland Pkwy. Corridor Improvements

  17. Critical Need: Paradise Road Corridor Improvements

  18. Leveraging Federal Funds Local Funds Federal Funds $1 $4

  19. Growing Southern Nevada’s Transportation Infrastructure

  20. Diversifying Our Economy

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