Dover — Created under Legislative directive via the Fiscal Year 2011 Bond Bill, with members appointed in October 2010, the Transportation Trust Fund Task Force has concluded its five month review of examining and evaluating the funding sources required to sustain and support the Delaware Transportation Trust Fund (TTF). The TTF is the primary funding source for the Department of Transportation (DelDOT) to provide public transportation, construct and maintain roads and bridges, and to provide motor vehicle related services to Delaware residents.
Ted C. Williams, Task Force Chairman, stated, “The Task Force was very diligent in reviewing the problem and identified an all encompassing list of options that we believe could be implemented as a means of closing the gap between revenues and the capital programs that are essential to not only the citizens of Delaware but also the efforts to attract new business and jobs to Delaware”.
The Task Force was composed of 24 members representing the Delaware General Assembly, various state agencies and other stakeholders from the public and private sectors. With technical assistance from DelDOT, a comprehensive review was done of transportation demands, and the funds (both short and long term) available and required to meet those stated needs. The Task Force studied the entire transportation program for the period Fiscal Year 2012 – 2023. It was concluded that total spending for transportation expenses over the period can reasonably be estimated to total $12.4 billion and that current TTF revenue streams will support only 70% of those needs.
The result of that imbalance, if not corrected, will be either the elimination of all new capital projects by 2017 or severe reductions in DelDOT’s Core Program resulting in an accelerated deterioration of Delaware’s transportation infrastructure. In fiscal year 2012 alone the additional need is $169.1 million, which means that there are no funds available for 100% state-funded projects. [Continued …]