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Funding

Satisfying the Pikes Peak region's transportation financial needs during the next 28 years is a major undertaking. The infrastructure demands associated with building and maintaining the roadway, non-motorized, freight, aviation, and public transportation systems will be challenged by the Pikes Peak region's projected population growth and by the aging of the existing infrastructure already in use. The limited availability of federal, state and local moneys will also have a significant impact on the ability to fund proposed projects. Demands on the transportation system have grown significantly in the past and the increase in this demand will accelerate faster than the growth in funding.

FIGURE 6-1: COMPARISON OF INDEXED VALUES (1987)

FIGURE 6-2: ACTUAL GASOLINE EXCISE TAX RATE AND
ADJUSTED BUYING POWER

 

TABLE 6-1: FUNDING SOURCES RECOMMENDATION

                                                                                                                                                                                               

      

Revenue Source

      		       

Incremental Fee or Tax

      		       

Revenue Generated

      
      

Increased Vehicle Registration

      		       

$100 average

      		       

$500M

      
      

Increased Motor Fuel Tax

      		       

13 per gallon

      		       

$361M

      
      

New Daily Visitor Fee

      		       

$6 daily fee

      		       

$240 M

      
      

Increased Sales & Use Tax

      		       

.35% increase

      		       

$312 M

      
      

Increased Severance Tax

      		       

1.7% effective increase

      		       

$ 96M

      

TABLE 6-2: ESTIMATED REVENUE FROM AN INCREASE OF ONE CENT
IN FUEL TAX RATES (NOMINAL DOLLARS)

 

TABLE 6-3: ESTIMATED REVENUE FROM INDEXING THE FUEL TAX
TO INFLATION (NOMINAL DOLLARS) 

TABLE 6-4: ESTIMATED REVENUE FROM INCREASING THE MOTOR VEHICLE
REGISTRATION FEE BY $1.00 (2008 CONSTANT DOLLARS)