We don't have specific funding identified for any of the improvements or projects that may result from the TSP at this time. Transportation revenue, or funds we can use for improvements, in Dallas primarily consists of state revenue from the state gas tax and local revenue from a transportation system development charge (SDC). Increases in state revenues will depend primarily on gas consumption.
State Transportation Revenue
The primary state revenue source is the state gas tax. State gas taxes are comprised of proceeds from excise taxes imposed by the state and federal government to generate revenue for transportation funding. The proceeds from these taxes are distributed to Oregon counties and cities in accordance with Oregon Revised Statute (ORS) 366.764, by county registered vehicle number, and ORS 366.805, by city population. The Oregon Constitution states that revenue from the state gas tax is to be used for the construction, reconstruction, improvement, maintenance, operation and use of public highways, roads, streets, and roadside rest areas.
While the population is expected to continue to increase over the next several years, revenue from the state gas tax depends on gas consumption, which is expected to go down over time.
Transportation System Development Charges
Transportation SDCs are one-time fees that cities impose on new developments to help fund transportation infrastructure needed to support growth.
SDCs can be a significant revenue source, representing approximately 15% of total revenue over the last 10 years; however, there are years when SDCs are down relative to previous years.
Other Revenue Sources
Other revenue sources for transportation funding include interest on investments, federal and state grants, proceeds from a recent bond, and funds from an urban renewal district for a Main Street project.