www'scag'ca'gov

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SOUTHERN CALIFORNIA
Resolving
Regional
Challenges
ASSOCIATION
of
GOVERNMENTS

• www.scag.ca.gov

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BEYOND CRISIS RESPONSE
The New Generation of Transportation Financing in
California
Mark PisanoExecutive Director, SCAG
University of California, IrvineMarch 7, 2003
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2001 Regional Transportation Plan
144 Billion in Revenue Needs
(1997 Dollars)
Baseline Revenues (existing sourceslocal,
state, fed) 100 Bil. 69
Additional Public Funding 24 Bil. 17
PrivateFunding 20 Bil. 14
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2001 RTP Funding Strategy
Est. Revenues
Implementation
Billions - 1997
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The State Budget Crisis
Potential Impacts tothe SCAG Region are
Significant
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Potential Short-Term Loss
If the Region falls out of conformity with the
federal law pertaining to air quality.
This would occur as soon as the region is
required to process a Transportation Improvement
Program modification that affects project
capacity.
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Potential Long-Term Loss

• Assuming
• Continued suspension of TCRP funding through FY
  2008
• Cyclical realization of Proposition 42 revenues
  beyond FY 2009
• No significant increase in federal funds

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Transportation Financing Options

• Pursue passage of legislative measures that
  further empower local/regional transportation
  agencies to raise revenues for planning and
  delivering transportation projects.
• Authorization may include the imposition of
  regional user-fees to support the completion of
  eligible transportation projects.

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Transportation Financing Options
Reduce voter threshold requirement for locally
imposed taxes.
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Transportation Financing Options
Increase the state gas tax in order to maintain a
rate of growth in transportation revenues that
reflects increases in project costs over time, or
alternatively, index the state gas tax.
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Transportation Financing Options
Facilitate access to private capital
(public/private partnership approach to financing
transportation infrastructure).
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SOUTHERN CALIFORNIA
ThankYou

• Mark PisanoExecutive Director

ASSOCIATION
of
GOVERNMENTS