Dear
Highway User,
Not surprisingly, the cost of meeting our highway needs
is going up. According to the Nevada Department of Transportation’s
cost-benefit analysis, the most needed projects for
Fiscal Years 2009 to 2016 create an estimated $5.1 to
$6.3 billion budget shortfall based on current revenue
streams. That’s right – current revenue
streams don’t get us there!
This
shortfall includes the $1 billion the Nevada Legislature
and Governor redirected to transportation projects during
the 2007 Legislative Session. This is above and beyond
the short term solution passed last session!
In
order to meet this budget shortfall thru bonding, Martinovich
estimated NDOT will need an additional $450 million
annually by 2016. Without such an increase, the state
will be forced to cut or delay essential infrastructure
projects, including the widening of I-15 and U.S. 95
in Las Vegas.
Lawmakers
on the Legislative Commission’s Subcommittee on
Transportation Issues expressed concern about the Legislature’s
ability to meet this shortfall without tax or fee increases.
Subcommittee Chairman Dennis Nolan, R-Las Vegas, stated
that during upcoming meetings the subcommittee will
examine those projected shortfalls and where the state
might find solutions through increased revenue sources.
Should
the subcommittee agree on a potential solution, Nolan
said he’s prepared to submit a bill draft request
to the 2009 Legislature. He has asked NDOT Director
Susan Martinovich to speak with the governor regarding
his vision for addressing this shortfall. She said she
would report back to the subcommittee at a future meeting.
In
order to see a full list of the subject projects, please
click here to visit the Nevada Highway Users Coalition’s
research page.
www.fixnvroads.com/research.html
Sincerely,
Nevada Highway Users Coalition |