Projected 20-Year Transportation Revenues Based on data provided by the City ’s Public Works a nd Finance Departm ents, total revenue expected to be received from transportation sources by these funds is projected to be approxim ately $195 m illion over the next 20 y ears:21 • 2004-2008 (short-term ): $51,533,000 • 2009-2013 (m id-term ): $56,789,000 • 2014-2023 (long-term ): $87,347,000 In general, eligible expenditures for these reve nues (e.g., operations, m aintenance and/or capital improvem ents) are fixed by revenue ty pe. For exam ple, fees collected for sy stem maintenance cannot be used for capital expenditures without modify ing the fee’s enabling legislation. State gas tax revenues are able to be used for capital im provem ents, operations and m aintenance, and bond pay ments. SDC’s cannot be used for operations and m aintenance, and street utility fees cannot be used for capital im provem ents. The amount of revenue collected is not as strictly controlled. Fees assessed to fund existing operations and m aintenance costs can be en acted, increased and decreased by the City Council without a vote, provided statutory requirem ents are m et for public com ment. If statutory requirem ents are m et for public comment and public hearing, City Council can al so increase or decrease f ees collected for capital expenditures, such as Sy stem Developm ent Charges, without voter approval. However, these decisions have potential political and econom ic consequences. For exam ple, an increase in Sy stem Developm ent Charges could drive new developm ent to nearby com munities that have lower fees. Under the City ’s adopted ordinances for SDCs and street utility fees, annual revenues from both program s are scheduled to decrease beginning in 2014. SDC re venue is scheduled to decrease by 50% between 2014 and 2017 when the revenue bond repay ments are complete. The street utility fund is slated to decrease by 35% between 2016 and 2019. Without an in crease in transportation revenue, it is anticipated that, beginning in about 2019, existing revenues would be insufficient to m aintain current levels of transportation operations and m aintenance. No revenue would be available for capital im provem ents, leaving a substantial unfunded revenue gap. Without additional revenue increases, m any of the basic safety , congestion relief, urban upgrade or m ulti-m odal (e.g., bicy cle and pedestrian) im provem ent projects that have been identified in the modal plans could not be constructed. Based on policy direction received during developm ent of the TSP and to partially fund the anticipated revenue gap, it was assum ed that increases of 3 percent per y ear for the entire 20-y ear planning period would be authorized by the City for both Street Utility Fees and System Developm ent Charges. While not entirely elim inating the anticipated gap between id entified transportation needs and available financial resources, these revenue increases would provide sufficient funding to im plem ent a wide variety of multi- modal im provem ent projects. Ty pical projects included in the TSP m ulti-m odal action plan include the remainder of the 17-project list; safety projects that address existing high crash rate locations and other safety needs; projects that address current and antic ipated congestion problem locations; projects to encourage the use of alternative tr avel m odes such as walking, bicy cling and transit through the provision of needed infrastructure; econom ic developm ent projects; and projects that make m ore efficient use of the existing transportation sy stem . Revenue estim ates based on existing funding sources pending legislation to increase state transportation revenues (Medford’ s estim ated share), and the SDC and Street Utility increases are sum marized in Table 13-1 for three tim e periods. These tim e periods include: 21 Per spreadsheets from Cory Crebbin, P ublic Works director dat ed 6/20/03. Grant s and ot her m iscellaneous i ncome includes assum ed HUD (CBDG) and CM AQ grant fundi ng for si dewal k improvem ents; a grant from ODOT for installation of fi ber opt ic com munications equi pment; and approxi mately $600,000 from the Medford Urban Renewal Agency (MURA) as t hat agency ’s share of t ransport ation improvem ents in the downt own core. Medford Transportatio n System Plan 13-18 Plan Goals and Implementation

Transportation System Plan 2018-2038