1 Increase General Obligation bonds for local roads and County State Aid Highway System No new revenue Borrowing bridges Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Passenger Rail Freight, Rail, Ports Airports 3 Creation of a separate bonding authority State Highway System No new revenue Borrowing County State Aid Highway System Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Passenger Rail Freight, Rail, Ports Airports New taxes 0 State Highway System Low: Revenue System Increasing all “visitor” taxes: rental car, hotel tax, hospitality tax, etc. County State Aid Highway System potential depends Revenue / Municipal State Aid System upon how this option Governance Greater Minnesota Transit is implemented and Metropolitan Area Transit what share is directed Passenger Rail from general fund to Freight, Rail, Ports transportation Airports 2 State tire excise tax State Highway System Moderate: estimated System County State Aid Highway System to be $25 million with Revenue Municipal State Aid System a $6.50 per-tire tax Greater Minnesota Transit Metropolitan Area Transit Freight, Rail, Ports 1 Transportation payroll tax. (Portland Example) Greater Minnesota Transit Low: Amount System Metropolitan Area Transit generated will be Revenue dependent upon rate
1 Increase General Obligation bonds for local roads and bridges County State Aid Highway System Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Passenger Rail Freight, Rail, Ports Airports No new revenue Borrowing 3 Creation of a separate bonding authority State Highway System County State Aid Highway System Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Passenger Rail Freight, Rail, Ports Airports No new revenue Borrowing New taxes 0 Increasing all “visitor” taxes: rental car, hotel tax, hospitality tax, etc. State Highway System County State Aid Highway System Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Passenger Rail Freight, Rail, Ports Airports Low: Revenue potential depends upon how this option is implemented and what share is directed from general fund to transportation System Revenue / Governance 2 State tire excise tax State Highway System County State Aid Highway System Municipal State Aid System Greater Minnesota Transit Metropolitan Area Transit Freight, Rail, Ports Moderate: estimated to be $25 million with a $6.50 per-tire tax System Revenue 1 Transportation payroll tax. (Portland Example) Greater Minnesota Transit Metropolitan Area Transit Low: Amount generated will be dependent upon rate System Revenue
FundingOptions.docx