Recommendations from the Minnesota Transportation Finance Advisory Committee

Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS

Recommendations from theMinnesota Transportation Finance Advisory Committeewww.mndot.gov/TFAC

KEEP MOVINGTO KEEP AHEAD

http://www.mndot.gov/TFAC


To maintain what we have and position Minnesota for

the future, we need to invest in our transportation

infrastructure.


Our transportation system needs to:- Help Minnesota businesses access labor, move

products, prosper and stay in Minnesota- Help Minnesota compete for jobs, talent and economic

growth with other states and regions that are investing in their transportation systems

- Be designed to handle Minnesota’s growing and changing population

- Be modern and better than ever before


Over 70 leaders agree


Our transportation system is a vital part of keeping Minnesotans connected.


Keeping Minnesotans connected

Easing commutes and giving businesses access to over 500,000 more employees

Our transportation system connects us to:


Investment and growthHow much do we drive?


Our transportation system needs to accommodate our growth and

changing population.


Accommodate growthThe amount of goods we’re moving is growing by 2030


Greater demands on our commutes


Our transportation system is aging and needs updating.


Our system is agingSeasonal changes, a short construction season and inadequate funding all contribute to the condition of our interstate highway pavements, placing Minnesota 44th in the nation.


Our system is agingMinnesota has over:


50% of MnDOT’s pavements are over 50 years old

40% of MnDOT’s bridges are over 40 years old


Investing nowThe buying power of projected revenue is expected to decrease over the next 20 years.


Projected growth*An expanded transit brings enhanced mobility to the region, which has benefits for both highway and transit users.

* Itasca Project | Regional Transit System | ROI Assessment


Investment and economic growth go hand in hand.


Investment and growthWe need a robust, efficient transit system to compete with other regions for jobs, talent and economic development.


Investment and growthOther regions know transit matters and are investing more.


Investment and growthTransportation investment would benefit all Minnesotans.


Investment & economic growth


Funding would come from 4 areas:

System-wide revenue options for roads

Local government revenue options

Transit related dedicated sales tax

Create innovative revenue options


Keep moving to keep ahead• Minnesota’s transportation needs have to

meet the needs of a growing population.• To compete economically, both regionally

and nationally, an investment must be made or we will fall behind.

• Our economic viability, as well as the quality of life for all Minnesotans depends on a sound transportation system.


Minnesota Transportation Finance Advisory Committeewww.mndot.gov/TFAC

http://www.mndot.gov/TFAC

Recommendations from the Minnesota Transportation Finance Advisory Committee

Documents

Transcript of Recommendations from the Minnesota Transportation Finance Advisory Committee