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HomeMy WebLinkAbout1998-033-02/17/1998-SUPPORTING SB 98-170 AND THE INCLUSION OF THE LOCAL SHAREBACK PROVISION IN ALL STATEWIDE TRANSPORTAT RESOLUTION 98-33 OF SUPPORT FOR SENATE BILL 98-170 AND FOR THE INCLUSION OF THE LOCAL SHAREBACK PROVISION IN ALL STATEWIDE TRANSPORTATION APPROPRIATIONS WHEREAS, the State of Colorado faces a $13 billion shortfall in critical transportation funding during the next twenty years, including$8 billion at the state level and$5 billion at the local level; and WHEREAS, the projected state general fund surplus over the next five years is more than $1 billion; and WHEREAS, the state's executive and some legislative leaders have proposed using the general fund surplus to address Transportation needs; and WHEREAS, the motor fuel taxes and vehicle registration fees that flow into the state's Highway Users Tax Fund (HUTF) are the only sources of dedicated revenue available to local governments for Transportation; and WHEREAS, the Transportation funding bill of 1997, SB 97-1, does not provide any Transportation funding to local governments; and WHEREAS, it is important to consider municipal, county, and state transportation facilities as part of an integrated, systemic and seamless infrastructure designed to promote the economic, safety and mobility needs of the entire state; and WHEREAS, the Transportation needs of local governments are increasing along with the state's needs as population and motor vehicle miles traveled continue to increase; and WHEREAS,the income tax,the motor fuel tax and the vehicle registration fee are not viable options for local governments to increase Transportation funding, and the sales tax is already being used to fund other local general government activities, thus limiting the options available to local governments to increase their sources of dedicated transportation funding; and WHEREAS, Senate President Tom Norton has introduced SB 98-170 which would fund state and local transportation needs on the same shareback formula which applies to the HUTF; and WHEREAS,the City of Fort Collins is experiencing an annual shortfall of$3.3 million in its transportation maintenance budget alone, and increased maintenance of the City's transportation infrastructure is a significant project worthy of funding through dedicated statewide transportation appropriations. NOW, THEREFORE, BE IT RESOLVED as follows: Section 1. That the Fort Collins City Council hereby endorses SB 98-170, sponsored by Senate President Tom Norton and House Majority Leader Norma Anderson, and encourages the General Assembly delegation from Northern Colorado to support this bill; and Section 2. That the Fort Collins City Council strongly encourages the General Assembly to include the local shareback provision in any statewide'Transportation funding appropriations, and that the shareback be based on the same formula used to distribute the Highway Users Tax Fund revenues—60%to the state, 22%to the counties, and 18% to the municipalities. Passed and adopted at a regular meeting of the Fort Collins C-�ity-Council held this 17th day of February, A.D. 1998. / �i r _-Cl-viayor ATTEST: City Clerk