Quote:
Originally Posted by Always Sunny in SLC
I must have missed it... what is your restructuring plan?
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It is on one of the previous pages but I am including a subset of what I sent to the legislators:
First, split UDoT into 2 groups (Wasatch Front and Elsewhere). The Wasatch Front division of UDoT will be merged with UTA and be titled something like Wasatch Front Transportation Association (WFTA). The Elsewhere group will keep the UDoT moniker. Funding for WFTA will be from 100% of the existing Transit Sales Taxes and 50% of the Gas Tax collected in the area. UDoT will be funded by 100% of the Gas Tax outside of the WFTA and 50% from within.
The WFTA will be required to gradually over time decrease the amount of transit sales tax funding used to pay for construction of projects. After 10 years (2029), WFTA must be using no less than 75% of the transit tax for operations, maintenance, and fare reductions.
The remaining 25% of the Transit tax will be solely for transit projects ranging from bicycle routes/trails through to bus stop upgrades/enhancements to rail expansion.
WFTA will be able to use its portion of the Gas Tax as needed for both Road/Highway projects and maintenance and Transit projects as determined by the elected WFTA board and the WFRC and MAG planning groups. This limits road projects to those that will have greater impact as well as ensures that transit projects that would use Gas tax funding would have a great impact within the area, such as Double Tracking and Electrifying Front Runner (estimated to more than double current ridership).
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The values and dates can be changed. I used numbers and dates that I felt had the highest chance of success.
The only thing I have not included are mechanisms for local transit and transportation funding increases (City and County level) as this can be done currently by property tax increases. I would recommend allowing localized increases in taxes so that any increase, transit or other, are limited to those that more directly benefit. This could range from a 1/6 to 1/4 mile from the improvement (i.e. Salt Lake City Downtown Streetcar, only those within 1/4 mile of the route would have their taxes increased).
Additionally, there were 2 new thoughts brought up in the most recent report on this: First, State assisting with transit funding. Second, the State taking the current debt load of UTA.
I do like the options but would rather have the State assist with funding for the Trax expansion to Lehi/Orem and the Airport connection while also implementing a 1% transit sales tax within the current UTA transit district. The Sales Tax increase can be implemented with requirements that 1/2 of it go to increased bus service and improved bus frequencies. 1/4 of it go to fare reductions and the last 1/4 would be split between Cities and Counties for transit projects within their boundaries.
This increase can be spun to the public as both a way to help alleviate pollution within the area, congestion relief, as well as a Jobs bill due to the need to hire additional drivers, mechanics and so forth.