NC Transporation Funding Sources

NCDOT 2023 Projected Revenue is $7.29 Billion.

75% of the budget is generated through state taxes and fees.

  • 40.5cents per gallon in state fuel tax, DMV fees and highway use tax

25% of the budget is received from Federal Revenues.

  • Federal fuel tax and vehicle fees from trucks

The historical trend in declining DOT Revenue

Alternative Revenue Options and Considerations

  • Public Private Partnerships

  • State Infrastructure Bank

  • Increase Debt Capacity

  • Local Road Impact Fees

  • Raise Existing Taxes and Fees

  • Road Impact Fee for E-Commerce

  • Mileage-Based User Fee

  • Expand Highway Tolling

B Holladay