RES 95024X - Laserfiche WebLink

-- Financial Plan Potential Future Funding Sources Other future funding sources have been discussed for the Tri-Valley. Alameda County has discussed a Tier 2 funding program, which includes a 10-cent regional gas tax and a continuation of Measure B. There is also the State and Local Transportation -- Partnership Progrnm (SLTPP), which could provide up to 50 percent reimbursement of construction costs. The Mid-State Toll Road has also been proposed to provide trans- portation capacity in the Route 84 corridor without public investment. The major - potential future sources are discussed briefly below, although because of their uncer- tainty, the Tri-Valley Transportation Plan does not rely on their provision. __ County Sales Tax Measures The county sales tax measures, currently funding several transportation improve- _ ments, have a limited life span. Measure B in Alameda County will expire in 2002. Measure C in Contra Costa County will expire in 2008. There is a chance that these sales tax programs, through a successful election, could be extended. They were originally passed with a simple majority vote. Recent court decisions in other counties, however, have shown that a two-thirds vote may be required to enact future tax initiatives. Achieving a super majority at the polls is considered nearly impossible for a proposed tax increase ballot measure. County Gas Tax/Regional Gas Tax ' A county tax or regional tax may be imposed on motor vehicle fuels for the purposes of transportation investment according to enabling state legislation which was adopted in 1981. The tax would be imposed in increments of one cent per gallon per year with no state-imposed lifetime limit. Prior to imposition and collection of a tax, a proposition granting authority to the county to impose the tax must be submitted and approved by the voters at an election. A proposition may be submitted to the voters only if a written agreement is made with respect to allocation of the revenues between the county and the cities. -- Additional gas taxes would provide several benefits. Drivers will look for alternatives to the private automobile as driving costs (e.g., increased fuel prices) increase, reducing systemwide demands. Demand may be reduced by telecommuting, fide- -- sharing, transit, or linking trip purposes. The additional revenue obtained as a result of the higher tax would create a larger "pot of money" for transportation related projects. TOll Financing _ A toll road, the Mid-State Toll Road, has been proposed for the Route 84 corridor, connecting between 1-680 in Sunol and the Antioch area. The toll road is now in the planning stages, with an environmental impact report (EIR) under development. At _ the request of MTC and Tri-Valley agencies, the EIR will study several options in the Barton-Aschman Associates, Inc. 158