Item 4GAgenda Item 4G
Resolution No. 09-001
Supporting Rail North Texas: a Primary Rail Legislative Program with Supplemental Roadway
Improvements.
Ben Thatcher
Assistant City Manager
Purpose
Rail North Texas = regional rail system
251 miles of additional rail lines identified
Funding is major challenge
Support RTC Priority Legislative Proposal
Legislative Proposal
Creates a limited Transportation Funding Authority
Primarily rail w/some supplemental roadway
Funding only, non-construction
No bonding authority needed
Coordination of regional projects
Built by existing transportation authorities
County elections by local elected officials and citizen vote
Legislative Proposal
No additional sales tax
Proposed Fee/Tax menu:
Vehicle registration fee < $150 per vehicle per year
Motor fuels excise tax < $0.10 per gallon
Mileage fee < $0.01 per vehicle mile driven
Property Tax < $0.05 per $100 appraised value
Driver’s license fee < $50
New resident vehicle registration fee < $250
Any one of these funding options may be used but will need voter approval
Conclusion
Creation of transportation funding area
Made up of existing transportation authorities
Levee fees/taxes from a menu of authorized options
Primarily focused on funding 251 miles of additional rail lines
Questions?
Ben Thatcher
(817) 748 - 8005