22 - Laserfiche WebLink

SUMMARY OF STREET RELATED REVENUE* Major Funding Sources for Streets Projects 2007-08 through 2010-11 20% ~coi 2% ~s°i ~°io ^ Gas tax ^ Measure B o Proposition 42 ^ Prop 1 B ^ Tri-Valley Fees ^ Traffic Fees ^ Daugherty ~ General Fund *Does not include Measure B funding assigned to Park for trail and bicycle lane improvements. For all four years of the CIP the total gas tax projections are $1,217,500 annually. While this amount may change in future years, the City will not receive estimates until later this fiscal year. As a result, to be conservative, the allocation expected for FY 2007-08 is used for all years. Notwithstanding this approach, this funding source should remain stable and is consistent with the estimates made in previous CIP's. Also, while staff has not been informed of formula changes as part of the State budget process, future allocations are always subject to State's budget process. In addition to the gas tax, $3,690,567 is projected from Measure B revenue over the four years of the CIP. While Measure B is funded from sales tax, it is placed in this category to reflect its use for roadways. However, $872,207 of this amount will be used for trails and/or bike paths including the development of a Pedestrian and Bicycle Lanes Master Plan funded in Parks in FY 2007-08 in the amount of $111,000. This program will develop a master plan that will be useful in addressing bicycle lane development through opportunities for future grant funding. Like gas tax, Measure B revenue projections remain constant throughout the CIP based on the amounts approved for the initial year of this CIP. Staff estimates that the City's 20% share of the Tri-Valley Transportation Development Fee will generate approximately $209,687 during the next four years of this program. This revenue has been included in the Tri-Valley Transportation Fees (Reserve) project as a means of segregating it from other traffic related revenue. A total of $67,000 will be used from this source in FY 2007-08 in response to the Council action to contribute to the new West Dublin/ Pleasanton BART station currently under construction. $29,240 from the Dougherty Valley Mitigation Revenue Reserve will also be used for this purpose. Z% 9% 11