5.5. SR 03-24-2003 - Laserfiche WebLink

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C. Locally Funded City Streets - Cities Over 5,000 Findings: #C- 1: Most large cities are not spending enough on roadway capital improvements to maintain a 50 year life cycle. #C-2: The funding gap in MSA eligible cities is more severe on the locally funded roads than on the state funded MSA system. Policy Options: 1. 2. 3. 4. Provide funding for a "Local Road Improvement Program". Provide cities greater flexibility to generate revenues through special assessments. Provide cities with additional local taxing authority, including the authority to establish a "Transportation Utility". Enact legislation authorizing cities to establish "Impact Fees". D. State Funded Streets - Cities Over 5,000 Findings: #D- 1: The MSA system has grown much more rapidly since its inception 40 years ago than the state owned system or the county owned system over the same timeframe, yet the funding distribution has remained the same. #D-2: Current MSA funding levels do not cover the full costs of improving these cities' MSA street systems. #D-3: MSA systems are being funded at a level that will result in a 53-year life cycle. Policy Options: 1. Increase the level of funding to the Municipal State Aid program. Section 5: Recommendations > This section of the report provides greater detail on the seven po}icy options identified in Section 4. Conclusion The state should provide assistance to cities to address their Current and future funding shortfall by granting greater local revenue raising authority and by providing cities with additional tools to allow them to meet their specific needs. The sponsors of this report are also hopeful that the findings identified herein will encourage state and local policy makers to examine and consider capital investment policies, such as a statewide pavement management plan, that would make the most efficient use of scarce resources as the demands on the road and bridge network increase in the future. 111