07 Feb 2012 Tuesday
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Transportation Funding PDF Print E-mail

CTF-chart1“The Commonwealth Transportation Fund (CTF) receives revenues from dedicated state and federal sources. The major state revenues are based on the Virginia’s official revenue forecast developed by the Department of Taxation. The federal revenues from the Federal Highway Administration and the Federal Transit Administration are estimated by the Virginia Department of Transportation (VDOT) and the Virginia Department of Rail and Public Transportation (DRPT).

"The revenues are dedicated to specific funds within the CTF. The revenues for the Highway Maintenance and Operating Fund (HMOF) support highway maintenance, operations and administration. The Priority Transportation Fund (PTF) revenues are dedicated to debt service on the Federal Highway Reimbursement Anticipation Notes (FRANs) and the new Commonwealth of Virginia Transportation Capital Projects Bonds. Federal revenues are used for their defined purposes of construction or transit.” Click here to see the complete Revised CTF Budget – FY09/10
 
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Funding - Resources PDF Print E-mail

State Information

Virginia Transportation FY 2009 Revenues and Allocations – “The Commonwealth Transportation Budget for FY 2009 is approximately $4.2 billion.” Click here to see FY 2009 Revenues and Allocations, data provided by the Northern Virginia Transportation Alliance. You can also view a more detailed breakdown of FY 2009 revenues forecast by Virginia Department of Transportation by clicking HERE.

Virginia has the nation’s 9th lowest gas tax – 17.5-cents per gallon. (Northern Virginia also pays 2% gas tax to support public transit.) Click HERE to see a list of all state gas tax rates and rankings.

Virginia Department of Transportation (VDOT) Financial DashboardClick HERE to see VDOT’s monthly update on revenue, expenses and forecasting.

Regional Information

Regional Revenue Generating Options – Click HERE to see information on possible revenue stream ideas and their estimated amounts as they pertain to Hampton Roads and Northern Virginia areas.

Hampton Roads Transportation Planning Organization (HRTPO) – How is the HRTPO funded? The TPO is primarily funded with Metropolitan Planning funds from the Federal Highway Administration (PL funds) and the Federal Transit Administration (Section 5303 funds).  These funds are matched at a ratio of 80% federal to 20% state/local.  In Hampton Roads, the 20% match is divided evenly between state and local funds.

The HRTPO’s annual budget is called the Unified Planning Work Program (UPWP). The UPWP describes transportation planning work to be performed for the Hampton Roads metropolitan planning area (MPA) by the HRTPO, Hampton Roads Transit (HRT), Williamsburg Area Transit Authority (WATA) and the Virginia Department of Transportation (VDOT).  Each task in the UPWP includes information on who will perform the work, the schedule for completing the work, resulting end products, and proposed funding and source of funds.

You may access the FY 2010 UPWP by clicking on the following link: HRTPO FY 2010 UPWP (Revised on October 6, 2009)

You may access Draft 1 of the FY 2011 UPWP by clicking on the following link: Draft FY 2011 Unified Planning Work Program

Hampton Roads Transit (HRT) – HRT serve the community through high quality, safe, efficient and sustainable regional transportation services. HRT was formed on October 1, 1999, after a merger between Pentran and TRT – the first voluntary merger of two transit agencies in the country. HRT serves seven cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach. The entire service area population is 1.3 million. HRT services include 70 bus routes, Handi-Ride, Norfolk Electric Transit, Paddlewheel Ferry, Portsmouth Loop, Metro Area Express bus, TRAFFIX ride sharing and Virginia Beach Wave bus.

HRT’s Approved 2009 BudgetClick here to see the approved FY2009 budget.
HRT-funding

Local Information

Revenues - City of Virginia Beach receives funding from Federal, State and Local sources. Local revenue is generated through taxes and fees. The average Virginia Beach family pays about $3,500 per year in taxes and fees. The following table was taken from City of Virginia Beach Adopted Biennial Resource Management Plan Fiscal Years 2008-09 and 2009-10 second year amendments.
VB-revenue

Operating Budget - The City of Virginia Beach’s operating budget for FY 2009-10 was $1,763,292,679. This budget covers City and School services which include Operations, Debt Service and Pay-As-You-Go. Funding for Roadways is included under the City Operations- Capital Improvement Projects allocation. For FY2009-10, the budget for Roadways was $66,303,747. To see details of these projects, click here.

VB-projects

 


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Transportation Funding Question #1

What type of mechanism do you prefer to fund transportation projects?
 

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