• Potential for m ulti-agency support and funding • Support for city’s goals to encourage com pact ur ban developm ent, particularly in the Transit- Oriented Districts (TODs) • Potential for the project to leverage additiona l funding that would not otherwise come to the region • Supports environm ental stewardship goals • Supports enhanced neighborhood livability These criteria were applied to each identified im provem ent project. As the criteria were applied, som e subjective assessm ent of the projects was necessary . Consideration was also given to placing greater emphasis on projects that im proved safety , addressed existing or future congestion problem , were cost- effective, addressed a m ulti-m odal travel need, or woul d help the City meet regional com mitments to the RTP Alternative Measures. Both the subjective assessm ent and the relative weighting that a project received reflected collective input from the TSP com mittees and the general public. Financing Transportation Sy stem Improvements This section sum marizes transportation revenue sources and program s currently used by the City of Medford, projected revenue over the next 20 y ears, and potential new revenue sources to address a projected revenue shortfall. Current Transportation Revenue Sources The City of Medford finances capital im provem ents, maintenance and operation for its transportation system with revenues from a variety of sources including the following: State Gas Taxes are collected by State based on the am ount of gasoline delivered, and are distributed to local jurisdictions based on population. While the gas tax provides about ¼ of the City’s overall transportation sy stem revenue, it is unlikely to keep pace with future m aintenance needs. Im proved fuel efficiency may reduce the future purchasing power of the gas tax. Street Utility Fees are fees assessed to all businesses and households in the City and are used to pay for maintenance projects. Street fees are based on gene ric trip generation rates for particular land use categories, since actual m otor vehicle travel on City streets cannot be easily monitored. Street utility fees are only used to pay for m aintenance projects. System Development Charges are fees paid by land developers to cover a portion of the increased system capacity needed to accom modate new devel opment. Developm ent charges are calculated to include the costs of im pacts on adjacent areas or ser vices, such as increased school enrollm ent, parks and recreation use, or traffic congestion. Street Bonds can be of two ty pes: Revenue Bonds and General Obligation B onds. Revenue bonds are typically secured by local gas tax receipts, street utility fees or other transportation-related stable revenue stream . Two revenue bond sales have been issued by Medford over the past five y ears to fund the 17- project list of street im provem ents. General Obliga tion Bonds, which m ust be approved by majority of the voters and which are ty pically secured by a property tax, also can be used to finance transportation improvem ents. Grant Revenue is available through a num ber of state and federal program s for street, bicy cle/pedestrian and transit im provem ents. Grant program s the City has pursued successfully include: • The federal Congestion Mitigation and Air Quality program (CMAQ); • Com munity Developm ent Block Grants (CDB G) from the federal Housing and Urban Developm ent Agency (HUD); Medford Transportatio n System Plan 13-16 Plan Goals and Implementation

Transportation System Plan 2018-2038