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Transportation Funding
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What We Are Facing
An adequately funded transportation system is
critical to Florida’s future.
The cost to build and maintain Florida’s
transportation system has increased dramatically since 2001. So
the state has shifted the bulk of its funding to the state and
federal highways that are part of the Strategic Intermodal
System (SIS).
In Sarasota County, Interstate 75 is the only SIS
highway. This means that other critical state roads - such as
U.S. highways 41 and 301 now compete for a shrinking amount of
funds.
An alternative is to fund roadways locally. But
local governments are facing the same funding issues the state
is facing: they are struggling to fund their own transportation
systems.
What You Need to Know
Transportation
improvements are funded using several revenue sources. In
Sarasota County, the main road-building sources include fuel
taxes, road impact fees, telecommunication tax, infrastructure
surtax, and property tax. Except for road impact fees, the
revenue sources have historically increased in rough proportion
to population growth and sometimes also proportional to general
cost of living increases. However, over the past several years
the cost to acquire right of way and construct roads has far
outpaced the general cost of living. This has created statewide
funding problems.
As a matter of
policy and in recognition of the funding problems, the State has
shifted its funding emphasis to roads necessary for Statewide
and regional movement of people and goods. This subset of the
transportation infrastructure is known as the Strategic
Intermodal System (SIS). It consists of airports, seaports,
major roads, and connectors between the ports and major roads
that meet the State's SIS criteria. In Sarasota County,
Interstate
75 is an
SIS facility, Sarasota-Bradenton International Airport is an
emerging SIS port, and University Parkway is an SIS connector
between Interstate 75 and the airport. And that is the extent of
the SIS in Sarasota County. The State's policy is to expend 75
percent of all discretionary revenue on SIS projects. This has
provided funding for additional
Interstate
75
projects in Sarasota County, but it has reduced funds available
for other State road improvements, such as U.S. Highway 301 in
Sarasota and bypass U.S. Highway 41 in Venice, by about 33
percent.
The State's
funding policy complements existing concurrency laws and 2005
growth management legislation calling for increased attention to
financial feasibility of transportation improvements. This is
expected to indirectly require that more State transportation
improvement be undertaken by local governments and
developers.
updated 1/24/2007 |