Presentation Project Update - Regional Transportation Authority

Presentation Project Update - Regional Transportation Authority

Project Update
RTA CART
April 4, 2013
RTA Financial Statistics
• $450.6 million in excise taxes
collected.
• $150 million in bonds issued.
• $481.6 million expended on
project related reimbursements
• $732 million committed
RTA Project Update
• 17 projects are under construction
• 502 individual projects and services completed
• Value of open, major contracts: $206.4 million
Creating
1,242 local jobs
RTA Expenditures by Element
Planned Distribution of Expenditures
by Element (millions)
Actual Distribution of
Expenditures by Element
(millions)
$126
Roadway
$534
27%
27%
Safety
$249
53%
$115
6%
$180
9%
$1,169
58%
Environmental &
Economic Vitality
$22
5%
$72
Transit
15%
City of Tucson
Sahuarita
$36,400
Pima County
Marana
Oro Valley
$195,345
$411,287
South Tucson
Pascua Yaqui
Pima Council on Aging
$43,778
Tohono O'odham
RTA/PAG
$61
$12,265
$8,291
$865
$6,560
$1,338
$4,900
ADOT
$4,246
AZ Game & Fish
Roadway Projects Under Construction
•
•
•
•
•
•
•
•
•
Magee Rd., Mona Lisa - La Cañada
Magee/Cortaro Farms, Mona Lisa - Thornydale
Sahuarita Rd. Phase II
La Cañada, Ina to River
Grant Road at Oracle
22nd & Kino Overpass
Downtown Links: St. Mary’s Section
Houghton, Irvington - Valencia
La Cholla, Magee to Overton (Cañada del Oro wash bridge)
Construction Bid vs. Estimate Trends
• Bids, 2009 to Present: ($294 mil)
20.2% Under Engineer’s Estimate
• Bids, Over the last 10 Months: ($83 mil)
10.4% Under Engineers Estimate
Engineer’s estimates are closer to market
values, and market costs are climbing
RTA Project Update
Safety Element
• Complete: 323
• Under Construction: 7
• In Design: 49
Environmental & Economic Vitality Element
• Complete: 89
• Under Construction: 1
• In Design: 12
Transit Element
• Complete: 79
• Under Construction: 1
• In Design: 1
Improving Safety
How the Express Left works
1. Go Through
2. Make a U
3. Right at the Light
Improving Safety
Drivers, Pedestrians, Bicyclist will all appreciate
• Less time waiting for a green light
• Safer major intersections
• Cleaner air
• Less expense in construction
• Reduced impact on businesses at the intersection
Environment & Economic Vitality
Greenways, Pathways,
Bikeways and Sidewalk
• 180 miles of bikeways and
greenways created
• 105 miles of sidewalks installed
Critical Wildlife Linkages
• Twin Peaks deer crossings completed
• SR 86 Near Kitt Peak,
design complete, bids opened 3/15
• Oracle Road (SR-77), in final design
Financial Report
RTA CART
APRIL 4, 2013
RTA Financial Status
RTA MONTHLY SALES TAX RECIEPTS
$8,000,000.00
$7,000,000.00
$6,000,000.00
$5,000,000.00
January, 2013 Sales Tax
Collections: $5,793,024.08
$4,000,000.00
$3,000,000.00
$2,000,000.00
$1,000,000.00
$0.00
March-13
January-13
November-12
September-12
July-12
May-12
March-12
January-12
November-11
September-11
July-11
May-11
March-11
January-11
November-10
September-10
July-10
May-10
March-10
January-10
September-09
November-09
July-09
May-09
March-09
January-09
November-08
September-08
July-08
May-08
March-08
January-08
November-07
September-07
July-07
May-07
March-07
January-07
November-06
September-06
0
-25
-5
-10
-15
-20
RTA Excise Tax
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
Sep-11
Jun-11
Mar-11
Dec-10
Sep-10
Jun-10
Mar-10
Dec-09
Sep-09
Jun-09
Mar-09
Dec-08
Sep-08
Jun-08
Mar-08
Dec-07
Sep-07
% Change
RTA Financial Status
Monthly Revenue Trends (YoY)
7.68%
15
10
5
RTA Financial Status
Market Value of RTA Fund
$200,000,000
$180,000,000
$160,000,000
$140,000,000
$120,000,000
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
$0
February 28, 2013 Fund
Balance: $141.6 M
Improving transportation
and bringing economic
vitality to our region.
Questions?
For updates visit
www.RTAmobility.com