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TC 01-24-22 Meeting Agenda1.Discussion: Scoring Categories for Project Prioritization 1.A.Discussion: Scoring Categories for Project Prioritization 2.VDOT Funding Updates 2.A.VDOT Funding Updates 3.County Project Updates 3.A.County Project Updates 4.Other 4.A.Other AGENDA TRANSPORTATION COMMITTEE MONDAY, JANUARY 24, 2022 8:30 AM FIRST-FLOOR CONFERENCE ROOM FREDERICK COUNTY ADMINISTRATION BUILDING WINCHESTER, VIRGINIA TC01-24-22ScoringCategoriesforProjectPrioritization.pdf TC01-24-22VDOTFundingUpdates.pdf TC01-24-22CountyProjectUpdates.pdf TC01-24-22Other.pdf 1 Transportation Committee Agenda Item Detail Meeting Date: January 24, 2022 Agenda Section: Discussion: Scoring Categories for Project Prioritization Title: Discussion: Scoring Categories for Project Prioritization Attachments: TC01-24-22ScoringCategoriesforProjectPrioritization.pdf 2 Item 1: Discussion: Scoring Categories for Project Prioritization Topic Synopsis Staff will present the draft scoring categories for the County project prioritization process. Recommended Action No Action, discussion only. 3 Transportation Committee Agenda Item Detail Meeting Date: January 24, 2022 Agenda Section: VDOT Funding Updates Title: VDOT Funding Updates Attachments: TC01-24-22VDOTFundingUpdates.pdf 4 Item 2: VDOT Funding Updates Topic Synopsis Staff will present a number of updates from the recent Commonwealth Transportation Board meeting. Presentations from CTB meeting are attached for reference. Recommended Action No Action, discussion only. 5 Appropriations Act Provisions Nick Donohue Deputy Secretary of Transportation January 2022 6 |THANK YOU| •Accelerates funding for previously selected projects to FY22-FY24 instead of FY25 and FY26 –$30M in FY22 for projects that can spend funds immediately –$170M in FY23-24 •Shifts future Revenue Sharing Program awards to years 3 and 4 of the Six-Year Improvement Program –Projects under consideration this cycle will be awarded funding in FY25 and FY26 if General Assembly adopts recommendations Revenue Sharing Program 7 |THANK YOU| •$30M for improvements at the Spaceport to support new and existing customers •$25.8M for 3 trail initiatives •$20M for Air Terminal Interchange in Norfolk •$20M for the 64 GAP with priority for improvements that address the full 29-mile corridor •$10M for the Transportation Partnership Opportunity Fund to support VEDP’s economic development efforts •$10M for address loss of wildlife habitat in Hampton Roads FY21 General Fund Surplus -$115.8M 8 |THANK YOU| •Provides $233M to fully fund 3 regional multi-use trails –Eastern Shore Rail-to-Trail –Fall Line Trail –Shenandoah Rail-to-Trail •Existing regional multi-use trails have demonstrated meaningful economic benefits •This allocation is supported by study completed by OIPI at the direction of the General Assembly Trail Initiative 9 |THANK YOU| •Board is required to develop a plan for allocation of additional federal bridge funds –Develop investment strategy based on previously adopted by Board strategy in 2019 –Local bridges must be eligible for funding •Board is required to develop a plan for allocation of electric vehicle charging infrastructure –Must consider designated EV charging corridors and consider opportunities to partner with the private sector New Federal Programs 10 City Street Maintenance Payments •JLARC found that city street conditions are worse than VDOT’s and recommended evaluation of the program •VDOT is directed to review the following— –Condition of city streets –Formula used to distribute funds –Opportunities for efficiency through partnerships with VDOT –Recommendations, if any, to formula to distribute city street payments 6 11 Laura Farmer, Chief Financial Officer Revised FY 2022 –2027 Commonwealth Transportation Fund (CTF) Six-Year Financial Plan Revised FY 2022 CTF and VDOT Recommended Budgets January 11, 2022 12 Six-Year Financial Plan Update Recommendations for FY 2022 Reflect uplift in program areas Revised FY 2022 CTF Budget and FY 2022 VDOT Budget to reflect program updates Recommended projects to advance this month are the Bridge Projects presented in December to stage work to use funding provided in IIJA FY 2023 –2028 Outlook Overview 13 Reflects CTB action from December 2021 to allocate FY 2021 surplus dedicated to Priority Transportation Fund Other Updates Implementation of the Infrastructure Investment and Jobs Act (IIJA) State Revenue Estimate Update Impacts of Governor Northam’s Introduced Budget New Program Assumptions Updates to the FY 2022 –2027 Six-Year Financial Plan (SYFP) 3 14 Federal Revenue update reflects estimated impact of the Infrastructure Investment and Jobs Act (IIJA) Addition funding for core programs New federal programs Significant state revenue update, including assumptions built into the Governor’s proposal Increased funding available across major sources Ending Accelerated Sales Tax Payments for Retailers (FY 2022 impact) State share of Food Tax eliminated in January 2023 Federal and State Revenue Update 4 15 For continued planning, Virginia assumed the federal programs would continue. Allocation of federal funding is governed by Code of Virginia §33.2-214.1. C. and Appropriation Act language noting categories of funding exempt from prioritization process. Federal Revenue Update –Implementation of IIJA 5 16 New Programs and Increased flexible federal funding for formula allocation (w/State Match where applicable)IIJA Implementation Period (in millions)2022 2023 2024 2025 2026 2027 TOTAL Bridge Rehabilitation and Replacement $107.4 $107.4 $107.4 $107.4 $107.4 $ -$536.8 Promoting Resilient Operations for Transformative, Efficient, and Cost-saving Transportation (PROTECT) grant program 45.3 46.2 47.1 48.1 49.0 49.8 285.5 Carbon Reduction Program 38.4 39.1 39.9 40.7 41.5 42.2 241.9 Electric Vehicles 21.3 21.3 21.3 21.3 21.3 -106.4 Increased funding available to allocate via Construction Formula* Based on June 2021 SYFP Assumptions to IIJA Assumptions 173.0 174.3 178.6 178.0 184.9 188.2 1,077.1 IIJA –Summary of Additional Federal Funding 6 *Previous estimates were based on apportionment level comparisons. This estimated impact is based on obligation limitation assumptions. 17 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 TOTAL FY 2022-2027 Retail Sales and Use Tax 75.5$ 192.8$ 130.7$ 104.2$ 52.6$ 24.1$ 579.9$ Motor Vehicle Sales and Use Tax 274.4 171.5 136.6 103.8 66.9 111.9 865.1 Motor Fuels Tax 43.9 15.3 3.6 0.1 (7.3) (19.5) 36.1 Aviation Fuels Tax - - - - - - - Road Tax 21.0 41.7 41.2 41.1 40.7 40.2 225.9 International Registration Plan 50.4 50.4 50.4 50.4 50.4 50.4 302.4 Registration Fees 31.9 33.7 34.3 34.4 34.7 34.5 203.5 State Insurance Premium Tax 8.9 18.5 19.5 22.0 25.8 30.0 124.7 Recordation Tax 24.0 24.0 24.0 24.0 24.0 24.0 144.0 Vehicle Rental Tax 11.0 11.8 12.0 12.3 12.5 12.8 72.4 Highway Use Fee 5.8 6.6 9.6 13.4 13.4 13.4 62.2 Total Commonwealth Transportation Fund 546.8$ 566.3$ 461.9$ 405.7$ 313.7$ 321.8$ 2,616.2$ Differences over previous assumptions (in millions) State Revenue Update 7 18 Commonwealth Transportation Fund (CTF) Revenue Estimate FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 TOTAL FY 2022-2027 Sources of Funds Retail Sales and Use Tax 1,290.2$ 1,350.3$ 1,315.1$ 1,348.1$ 1,356.5$ 1,363.3$ 8,023.5$ Motor Vehicle Sales and Use Tax 1,174.0 1,155.1 1,119.4 1,128.9 1,124.2 1,121.5 6,823.1 Motor Fuels Tax 1,282.4 1,360.7 1,380.7 1,392.5 1,405.2 1,428.1 8,249.6 Aviation Fuels Tax 2.0 2.0 2.0 2.0 2.0 2.0 12.0 Road Tax 68.2 69.2 69.5 69.4 69.0 68.5 413.8 International Registration Plan 124.3 124.2 122.6 119.6 120.0 120.3 731.0 Registration Fees 234.8 236.6 240.3 241.3 242.5 241.9 1,437.4 State Insurance Premium Tax 180.7 196.0 203.8 212.8 222.8 233.2 1,249.3 Recordation Tax 81.0 81.0 81.0 81.0 81.0 81.0 486.0 Vehicle Rental Tax 40.7 42.9 43.6 44.4 45.2 46.0 262.8 Highway Use Fee 52.4 59.7 62.7 66.5 66.5 66.5 374.3 Total Commonwealth Transportation Fund 4,530.7$ 4,677.7$ 4,640.7$ 4,706.5$ 4,734.9$ 4,772.3$ 28,062.8$ December 2021 Forecast 19 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2022-2027 Total Previous FY 2022-2027 Difference State Transportation Revenues Commonwealth Transportation Fund 4,752.3$ 4,677.7$ 4,640.7$ 4,706.5$ 4,734.5$ 4,772.3$ 28,284.0$ 25,668.2$ 2,615.8$ Prior year funding 344.6 191.4 - - - - 536.0 536.0 - Local & Regional Project Participation/Revenue 924.4 999.2 996.9 879.7 189.7 161.5 4,151.3 3,952.2 199.2 Other Fund Revenue 604.5 439.3 454.5 437.2 439.3 443.6 2,818.3 2,617.3 201.0 Total 6,625.8 6,307.6 6,092.1 6,023.3 5,363.5 5,377.4 35,789.6 32,773.7 3,016.0 1,702.3 1,639.9 1,583.9 1,604.4 1,632.7 1,528.5 9,691.6 7,159.1 2,532.5 8,328.0 7,947.4 7,675.9 7,627.8 6,996.3 6,905.8 45,481.3 39,932.8 5,548.5 Other Financing Sources Interstate 81 Financing 203.7 - 258.2 - - 394.6 856.5 856.5 (0.0) GARVEE Bonds 76.3 100.0 125.0 134.0 137.1 149.0 721.4 721.4 - Route 58 218.4 - 152.2 74.2 - - 444.8 444.8 - Total 498.4 100.0 535.4 208.2 137.1 543.6 2,022.7 2,022.7 (0.0) 8,826.4$ 8,047.4$ 8,211.3$ 7,836.0$ 7,133.4$ 7,449.4$ 47,504.0$ 41,955.4$ 5,548.5$ Revenue Supporting Transfer Payments Regional Transportation Funds 793.5 843.2 863.8 881.7 886.9 892.3 5,161.4 4,732.3 429.1 WMATA Capital Fund Revenue 129.0 134.4 135.1 135.9 136.6 137.4 808.5 695.1 113.4 9,748.9$ 9,025.1$ 9,210.2$ 8,853.6$ 8,156.9$ 8,479.2$ 53,473.9$ 47,382.9$ 6,091.0$ Grand Total Federal Revenues Total Revenues Total Operating Revenues and Other Financing Sources Commonwealth Transportation Fund Fiscal Years 2022 –2027 Six-Year Financial Plan Revised Estimated Revenues (in millions) 9 Local & Regional Project Participation includes HRTAC’s funding for the HRBT Expansion Project through FY 2025 Previous FY 2022 –2027 reflect December 2021 Revision to allocate $344.6 million in excess revenue dedicated to the PTF 20 Commonwealth Transportation Fund Fiscal Years 2022 –2027 Six-Year Financial Plan Revised Estimated Allocations (in millions) 10 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2022-2027 Total Previous FY 2022-2027 Difference Debt Service 402.7$ 429.1$ 459.7$ 459.9$ 482.5$ 506.6$ 2,740.5$ 2,713.8$ 26.6$ Other Agencies & Transfers 60.6 51.8 52.1 53.3 53.6 54.9 326.4 316.4 10.0 Maintenance & Operations 2,234.5 2,375.7 2,407.6 2,459.7 2,512.9 2,569.5 14,560.0 14,341.1 218.9 Administration & Other Programs 550.0 514.4 525.2 534.4 530.2 546.6 3,200.8 3,137.1 63.7 Toll Programs 71.1 97.6 99.3 100.9 102.5 104.1 575.5 575.5 - Special Structures 60.0 80.0 81.3 82.9 84.7 86.7 475.6 480.0 (4.4) Public Transportation 799.8 726.4 605.0 593.3 602.5 596.3 3,923.3 3,369.3 554.1 Virginia Passenger Rail Authority 303.3 305.3 193.3 208.8 205.6 202.2 1,418.5 1,203.5 215.0 DRPT Rail Assistance 16.3 17.0 14.8 14.9 15.0 15.1 93.2 88.2 5.0 DRPT Administration 25.5 26.1 23.5 23.9 24.0 24.2 147.2 122.2 25.0 Port Trust Fund 58.0 59.1 55.1 55.9 56.2 56.6 340.8 301.9 38.8 Airport Trust Fund 33.9 34.6 33.0 33.5 33.7 34.0 202.7 177.1 25.6 Commonwealth Space Flight Fund 53.0 23.4 21.9 22.2 22.4 22.5 165.4 114.9 50.5 Department of Motor Vehicles 30.0 30.4 21.9 22.2 22.4 22.5 149.5 142.8 6.7 Construction 4,082.1 3,236.9 3,578.1 3,130.6 2,345.8 2,568.1 18,941.6 14,609.6 4,332.0 Total Operating Programs 8,780.9$ 8,007.9$ 8,171.8$ 7,796.5$ 7,093.9$ 7,409.9$ 47,261.0$ 41,693.5$ 5,567.5$ Pass Through Programs WMATA Dedicated 154.5 153.9 154.6 155.4 156.1 156.9 931.5 837.1 94.4 Central Virginia Transportation Fund 181.1 192.9 197.5 201.4 202.8 204.5 1,180.2 1,293.1 (112.9) Northern Virginia Transportation Authority Fund 362.8 384.7 393.9 402.0 404.0 405.7 2,353.1 2,044.9 308.2 Hampton Roads Regional Transit Fund 39.4 39.9 40.5 41.1 41.2 41.2 243.3 198.3 45.0 Hampton Roads Transportation Fund 230.2 245.7 251.9 257.2 258.9 260.9 1,504.8 1,316.0 188.8 Subtotal 968.0 1,017.1 1,038.4 1,057.1 1,063.0 1,069.2 6,212.9 5,689.4 523.5 0 Total 9,748.9$ 9,025.1$ 9,210.2$ 8,853.6$ 8,156.9$ 8,479.2$ 53,473.9$ 47,382.9$ 6,091.0$ 21 Includes recommendations for $115.8 million from FY 2021 GF Surplus, committed by Code of Virginia to CTF. Requires appropriation by General Assembly (FY 2022) Recommendations for advancing Revenue Sharing allocations planned for in FY 2025/2026 into Fiscal Years 2022-2024. Additional funding for multi-use trails (FY 2023) FY 2022 Actions are reflected in recommended budget, contingent upon General Assembly & Governor approval. Budget Bill Proposals for General Assembly Consideration 11 22 12 2022 Transportation Initiative General Fund dollars in Governor Northam’s Budget Proposals 2020-2022 Biennium -Caboose Bill -FY 2022 $115.8 million from FY 2021 GF Surplus, committed by Code of Virginia to CTF. Requires appropriation by General Assembly •$30.0 million for Mid-Atlantic Regional Spaceport •$25.8 million for regional multi-use trails •$20.0 million for Air Terminal Interchange at-grade intersection project (supporting VDOT’s land lease with the U.S. Navy) •$20.0 million for I-64 –Between Exits 205 and 234 •$10.0 million for restoration to Transportation Partnership Opportunity Fund •$10.0 million for wildlife habitat impacted by transportation projects 2022-2024 Biennium -Introduced Budget Bill $207.2 million for VDOT Construction Fund to support planning, development, and construction of multi-use trails, including Fall Line Trail, Shenandoah Valley Rail-Trail, and the Eastern Shore Rail Trail 23 13 Revenue Sharing –State Share Current assumptions adopted in December 2020 Recommended allocations for consideration (in millions)2021 2022 2023 2024 2025 2026 Revenue Sharing Allocation $99.6 $110.1 $127.3 $108.1 $100.0 $100.0 Scheduled allocation for previously allocated Revenue Sharing Projects ($445.1 million) Allocation for new/last round of Revenue Sharing (in millions)2021 2022 2023 2024 2025 2026 Revenue Sharing Allocation for Previously allocated Revenue Sharing Projects ($445.1 million) $99.6 $110.1 $127.3 $108.1 Advance allocation of Revenue Sharing provided in FY 2025/2026 previously ($200 million)* $30.0 $70.0 $100.0 Revenue Sharing to be allocated in upcoming SYIP Update (Years 3 and 4, rather than 5 and 6 of the SYIP) ($200 million) $100.0 $100.0 TOTAL $99.6 $140.1 $197.3 $208.1 $100.0 $100.0 *Requires General Assembly approval via the Appropriation Act. Included in recommended budget assumptions pending approval 24 Directed allocations for remaining funding in FYs 2021 –2023 to phase in commitments anticipated from omnibus legislation –Planned investments updated to pre-COVID funding levels Planned Omnibus Investments 14 (in millions)FY 2022 FY 2023 Previous Recommended Previous Recommended Special Structures*$60.0 $60.0 $80.0 $80.0 Virginia Highway Safety Improvement Program 15.0 25.0 12.5 25.0 District Grant Program 7.5 17.5 7.5 17.5 High Priority Projects Program 7.5 17.5 7.5 17.5 Ports 2.5 4.0 3.0 4.0 Aviation 0.8 1.5 1.0 1.5 Space 0.8 1.5 1.0 1.5 * Special Structures amount in FY 2023 prescribed by the Code of Virginia §33.2-1524, C. ** Dedication to Rail was increased previously due to revenue conditions. The Rail component of TTF distribution rebounds to provide for Pre-COVID expectations in FY 2022. (in millions)FY 2022 FY 2023 Previous Recommended Previous Recommended PRIIA Match $50.0 $50.0 $50.0 $50.0 Operating 4.0 15.0 12.5 15.0 WMATA 6.0 15.0 12.1 15.0 Ridership Incentive 10.0 20.0 15.0 20.0 Rail**44.5 24.4 27.5 32.7 Capital 12.2 20.0 12.5 20.0 DMV 5.8 8.5 7.5 8.5 25 Commonwealth Transportation Fund 48.7% Other Revenue to the Highway Maintenance and Operating Fund 0.6% Other Revenue to the Transportation Trust Fund 11.4% Federal Fund 17.5% Priority Transportation Fund 3.7% Interstate 81 Corridor Improvement Fund & Financing 2.9% Fuel Tax Revenue for Highway Construction District Grant Program 1.0% General Fund 1.8% Bonds 3.0% Pass Through Revenues 9.5% Revenue Total Estimate Commonwealth Transportation Fund 4,752.3$ Other Revenue to the Highway Maintenance and Operating Fund 55.5 Other Revenue to the Transportation Trust Fund 1,112.6 Federal Fund 1,702.3 Priority Transportation Fund 356.7 Interstate 81 Corridor Improvement Fund & Financing 279.2 Fuel Tax Revenue for Highway Construction District Grant Program 100.3 General Fund 170.8 Bonds 294.7 Total Operating Revenues 8,824.3$ Pass Through Revenues WMATA Capital Fund 131.1 Central Virginia Transportation Fund 181.1 Northern Virginia Transportation Authority Fund 342.8 Hampton Roads Transportation Fund 230.2 Hampton Roads Regional Transit Fund 39.4 Subtotal 924.6$ Total 9,748.9$ Revised CTF Revenues total $9.75 billion In comparison, total operating revenues of $8.8 billion are 14.8 percent greater than the FY 2022 Revised Budget of $7.7 billion (December 2021) Commonwealth Transportation Fund Revised FY 2022 Recommended Budget 15 26 Debt Service 4.1% Other Agencies & Transfers 0.6% VDOT Maintenance & Operations 18.0% Financial Assistance to Localities 4.9% Administration & Other Programs 5.6%Toll Facility Operations 0.7% Special Structures 0.6% Rail and Public Transportation 11.7% Airport Trust Fund 0.3% Port Trust Fund 0.6% DMV 0.3% Space 0.5% Construction 41.9%WMATA Capital Fund 1.6% Regional Transportation Funds 8.3% Other 5.3% Revised FY 2022 Recommended Allocations 16 •Highway Maintenance, including VDOT maintained and Locality Maintained, represents 23 percent of budget •Highway Construction represents 42 percent of the total with support of regional / local funding •Funding for Rail and Public Transportation is 12 percent of budget 27 Commonwealth Mass Transit Fund –in accordance with Section 33.2-1526.1 of the Code of Virginia Amount Transit Operating $56,772,890 Transit Capital 26,271,570 Northern Virginia Transportation Commission (WMATA)87,995,148 Transit Ridership Incentive Program 10,000,000 Special Programs 4,429,634 TOTAL $185,469,242 DRPT Revised FY 2022 –Recommended Use of additional funds 17 Commonwealth Rail Fund -in accordance with Section 33.2-1526.4 of the Code of Virginia Amount DRPT Rail Programs $2,712,475 28 18 Revised FY 2022 VDOT Budget Highlights Recommended budget totals $7.7 billion net of regional programs; grand total of $8.5 billion Highway Maintenance and Operating Fund (HMOF) Deficit (Crossover) •Since FY 2002, the construction fund has provided support for the budgetary needs of the Highway Maintenance and Operating Fund (HMOF). •With the updated revenue assumptions for the current year, this transfer will reverse direction. HMOF will provide $57.5 million to the Construction Fund, representing revenue in excess of budgetary allocations needed. •With current assumptions, the budgeted transfer will revert back to Construction Fund to HMOF in FY 2023. (Current estimate of $49.9 million) 29 19 Revised FY 2022 VDOT Recommended Allocations Revised FY 2022 Proposed Revised FY 2022 Increase (Decrease) VDOT Programs Environmental Monitoring and Evaluation (514)44.0$ 44.0$ -$ Ground Transportation Planning and Research (602)91.1 95.6 4.5 Highway Construction Programs (603)3,275.2 4,111.3 836.1 Highway System Maintenance (604)1,756.6 1,756.6 - Commonwealth Toll Facilities (606)71.1 71.1 - Financial Assistance to Localities (607) VDOT Programs 492.8 495.4 2.6 Regional Programs 765.5 834.5 69.0 Non-Toll Supported Transportation Debt Service (612)387.4 382.9 (4.6) Special Structures (614)60.0 60.0 - Administrative and Support Services (699)302.7 302.7 - VDOT Capital Outlay (998)60.0 60.0 - Total VDOT Programs 7,306.5$ 8,214.0$ 907.6$ Support to Other State Agencies 50.6 60.6 10.0 216.4 201.9 (14.5) TOTAL 7,573.5$ 8,476.6$ 903.1$ TOTAL OPERATING BUDGET (Net Regional Programs)6,808.0$ 7,642.1$ 834.1$ (in millions) Support to DRPT Programs & Virginia Passenger Rail Authority 30 REVISED FY 2022 –2027 SIX-YEAR IMPROVEMENT PROGRAM Kimberly Pryor, Infrastructure Investment Director January 11, 2022 31 Revised FY 2022-2027 SYIP 21 Final FY 2022-2027 Revised FY 2022-2027 Change Highway Construction Program* $17.2 billion $22.1 billion $4.9 billion •Revised Highway Construction Program (FY 2022 –2027) $22.1 billion •Additionally includes $1 billion in debt service •Provides funding to more than 3,700 projects •Current program includes $4.4 billion to be provided by others *Excludes debt service. Virginia Department of Transportation 32 Highlights –Impact to Major Programs 22 Program Update Cycle FY2022-2027 Increase State of Good Repair Program (SGR)Annual $661.2M Regional Surface Transportation Program (RSTP) Annual $137.5M Congestion Mitigation Air Quality (CMAQ) Annual $37.5M Unpaved Roads (adjustment for up to $25M per year)Annual $15.0M Innovation and Technology Transportation (ITTF) (adjustment for up to $25M per year) Annual $15.0M Construction District Grant (DGP) – including Supplemental Fuel Tax Revenue Even fiscal years $376.0M High Priority Projects (HPP)Even fiscal years $377.3M Virginia Department of Transportation 33 Highlights –Impact to Major Programs 23 Program Update Cycle FY2022-2027 Increase Interstate Operations and Enhancement Program (IOEP) –included I-81 Regional Fuels Tax TBD $543.3M Virginia Highway Safety Improvement Program (VHSIP) Annually $309.4M Special Structures Annually ($4.4M) Revenue Sharing (state match only)Odd fiscal years $200.0M Transportation Alternatives (TAP)Odd fiscal years $80.4M Virginia Department of Transportation •A portion of I-81 allocations are programmed to complete allocations on two existing projects •Additional allocations for remaining programs are programmed to balance entry accounts for allocation in the next upcoming solicitation cycle for each program 34 Highlights –New Programs 24 Program FY2022-2027 Total Carbon Reduction Program $241.9M PROTECT Program $285.5M Vulnerable Road Users $92.9M Bridge Rehabilitation and Replacement $536.8M Electric Vehicle Charging $106.4M Virginia Department of Transportation •FY 2022 Bridge allocations are programmed to projects. Allocations for all other new programs are programmed to balance entry accounts pending development of required plans/policies 35 Next Steps 25Virginia Department of Transportation •Adoption of Revised FY 2022-2027 Six-Year Improvement Program in January •Advance new Bridge projects •Review additional funding to determine appropriate project acceleration •Deploy increased allocations in major programs in the next upcoming solicitation cycle for each program •Develop required plans/policies for new programs •Future adjustments to Revenue Sharing projects if approved by General Assembly •Future adjustments using General Fund surplus, if applicable and approved by General Assembly 36 FY 2023 –2028 OUTLOOK 2637 The Six-Year Financial Plan (SYFP) identifies the planned funding for allocation to Highways, Rail, Transit, Ports, Aviation, DMV, and Space Flight The Recommended Fiscal Years 2023 –2028 SYFP allocates $51.9 billion Includes the use of bond proceeds totaling $1.7 billion, representing GARVEE Bonds, Route 58 Corridor Bonds and I-81 Debt Assumptions. Transfers $5.3 billion to the three regions for transportation improvements and $818 million in dedicated revenue for WMATA Capital Fund Includes $489 million of dedicated fuel tax revenue for the I-81 Corridor Improvements Dedicates $14.9 billion for Maintenance and Operations Provides $17.1 billion for Construction (Funds for new programs currently assumed in Construction for planning purposes) •Approximately $3.2 billion of Construction Funding represents Local and Regional Funding for Projects Commonwealth Transportation Fund (CTF) Preliminary Fiscal Years 2023 –2028 Six-Year Financial Plan Overview 27 38 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2023-2028 Total Previous FY 2022-2027 Difference State Transportation Revenues Commonwealth Transportation Fund 4,677.7$ 4,640.7$ 4,706.5$ 4,734.5$ 4,772.3$ 4,818.1$ 28,349.8$ 28,284.0$ 65.8$ Prior year funding 191.4 - - - - - 191.4 536.0 (344.6) Local & Regional Project Participation/Revenue 999.2 996.9 879.7 189.7 161.5 161.5 3,388.4 4,151.3 (762.9) Other Fund Revenue 439.3 454.5 437.2 439.3 443.6 440.0 2,653.8 2,818.3 (164.5) Total 6,307.6 6,092.1 6,023.3 5,363.5 5,377.4 5,419.5 34,583.4 35,789.6 (1,206.2) 1,639.9 1,583.9 1,604.4 1,632.7 1,528.5 1,553.3 9,542.7 9,691.6 (149.0) 7,947.4 7,675.9 7,627.8 6,996.3 6,905.8 6,972.8 44,126.1 45,481.3 (1,355.2) Other Financing Sources Interstate 81 Financing - 258.2 - - 394.6 - 652.8 856.5 (203.7) GARVEE Bonds 100.0 125.0 134.0 137.1 149.0 149.0 794.1 721.4 72.7 Route 58 - 152.2 74.2 - - - 226.4 444.8 (218.4) Total 100.0 535.4 208.2 137.1 543.6 149.0 1,673.3 2,022.7 (349.4) - 8,047.4$ 8,211.3$ 7,836.0$ 7,133.4$ 7,449.4$ 7,121.8$ 45,799.4$ 47,504.0$ (1,704.6)$ Revenue Supporting Transfer Payments Regional Transportation Funds 843.2 863.8 881.7 886.9 892.3 897.9 5,265.8 5,161.4 104.4 WMATA Capital Fund Revenue 134.4 135.1 135.9 136.6 137.4 138.1 817.6 808.5 9.1 9,025.1$ 9,210.2$ 8,853.6$ 8,156.9$ 8,479.2$ 8,157.9$ 51,882.8$ 53,473.9$ (1,591.1)$ Grand Total Federal Revenues Total Revenues Total Operating Revenues and Other Financing Sources Commonwealth Transportation Fund Revised Fiscal Years 2023 –2028 Six-Year Financial Plan Estimated Revenues (in millions) 28 Local & Regional Project Participation includes HRTAC’s funding for the HRBT Expansion Project through FY 2025 Previous FY 2022 –2027 reflect December 2021 Revision to allocate $344.6 million in excess revenue dedicated to the PTF 39 Commonwealth Transportation Fund Revised Fiscal Years 2023 –2028 Six-Year Financial Plan Estimated Allocations (in millions) 29 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2023-2028 Total Previous FY 2022-2027 Difference Debt Service 429.1$ 459.7$ 459.9$ 482.5$ 506.6$ 465.3$ 2,803.1$ 2,740.5$ 62.6$ Other Agencies & Transfers 51.8 52.1 53.3 53.6 54.9 55.2 321.0 326.4 (5.4) Maintenance & Operations 2,375.7 2,407.6 2,459.7 2,512.9 2,569.5 2,630.0 14,955.4 14,560.0 395.4 Administration & Other Programs 514.4 525.2 534.4 530.2 546.6 556.9 3,207.7 3,200.8 6.9 Toll Programs 97.6 99.3 100.9 102.5 104.1 104.1 608.4 575.5 33.0 Special Structures 80.0 81.3 82.9 84.7 86.7 88.8 504.4 475.6 28.8 Public Transportation 726.4 605.0 593.3 602.5 596.3 579.3 3,702.8 3,923.3 (220.5) Virginia Passenger Rail Authority 305.3 193.3 208.8 205.6 202.2 206.2 1,321.3 1,418.5 (97.2) DRPT Rail Assistance 17.0 14.8 14.9 15.0 15.1 15.1 92.0 93.2 (1.2) DRPT Administration 26.1 23.5 23.9 24.0 24.2 24.5 146.2 147.2 (1.0) Port Trust Fund 59.1 55.1 55.9 56.2 56.6 57.1 339.9 340.8 (0.9) Airport Trust Fund 34.6 33.0 33.5 33.7 34.0 34.3 203.0 202.7 0.4 Commonwealth Space Flight Fund 23.4 21.9 22.2 22.4 22.5 22.7 135.2 165.4 (30.2) Department of Motor Vehicles 30.4 21.9 22.2 22.4 22.5 22.8 142.3 149.5 (7.2) Construction 3,236.9 3,578.1 3,130.6 2,345.8 2,568.1 2,220.1 17,079.6 18,941.6 (1,862.0) Total Operating Programs 8,007.9$ 8,171.8$ 7,796.5$ 7,093.9$ 7,409.9$ 7,082.3$ 45,562.4$ 47,261.0$ (1,698.6)$ Pass Through Programs WMATA Dedicated 153.9 154.6 155.4 156.1 156.9 157.6 934.6 931.5 3.1 Central Virginia Transportation Fund 192.9 197.5 201.4 202.8 204.5 206.5 1,205.6 1,180.2 25.4 Northern Virginia Transportation Authority Fund 384.7 393.9 402.0 404.0 405.7 407.1 2,397.4 2,353.1 44.3 Hampton Roads Regional Transit Fund 39.9 40.5 41.1 41.2 41.2 41.2 245.1 243.3 1.8 Hampton Roads Transportation Fund 245.7 251.9 257.2 258.9 260.9 263.1 1,537.7 1,504.8 32.9 Subtotal 1,017.1 1,038.4 1,057.1 1,063.0 1,069.2 1,075.5 6,320.4 6,212.9 107.5 0 Total 9,025.1$ 9,210.2$ 8,853.6$ 8,156.9$ 8,479.2$ 8,157.9$ 51,882.8$ 53,473.9$ (1,591.1)$ 40 30 Major Program Changes from previous assumptions •Revenue Sharing Recommendations assumed adopted by General Assembly. Upcoming allocations from years 3 and 4 of SYIP, FY 2025 and 2026. •New federal programs continue with modest growth after IIJA period •Construction Formula Distribution -Fully implemented to codified distribution •State of Good Repair (30%) •High Priority Projects –SMART SCALE (20%) •Construction District Grant Program –SMART SCALE (20%) •Interstate Operations and Enhancement Program (20%) •Virginia Highway Safety Improvement Program (10%) 41 31 Major Program Changes from previous assumptions •Base rate of growth for VDOT’s Highway Maintenance and Operations Program is also used for Payments to Localities •CPI from FY 2022 to FY 2023 is 4.2%. Remaining years average 2.1% •The Innovation and Technology Transportation Fund (ITTF) funding from the High Priority Projects Program is $25 million annually, the maximum allowed under§33.2-1531 of the Code of Virginia. •Unpaved Roads funding is $25 million annually from the District Grant Program, the maximum allowed under§33.2-359 of the Code of Virginia 42 32 GARVEE Program Update •GARVEE bonds are allocated to SMART SCALE projects •GARVEEs are sold for specific projects and the debt service is attributed to specific projects.Updates to these assumptions are carefully coordinated with FHWA. •In most cases, GARVEE allocations on a project are in addition to other types of funds, federal and state funding. Demands to obligate and spend federal and state funding have factored into decisions on advancing bond sales. 43 33 GARVEE Program Analysis •Though VDOT has allocated GARVEEs annually, the project activity has not necessitated annual sales of GARVEE bonds. •The project schedules and the need to obligate other federal funds on projects has not required an absolute annual sale schedule. •Our last sale was in September 2020 and, tentatively, our next sale may push into calendar year 2023. •GARVEE bonds are currently allocated over the period •VDOT will provide additional analysis on the using bond proceeds in comparison to additional revenue sources anticipated 44 •Continued monitoring of federal guidance provided for IIJA Implementation, including opportunities for grant funding •Items to be considered for future update to assumptions before adoption of FY 2023-2028 SYFP and SYIP •Inflationary impact on project estimates, immediate and future awards •Continued use of GARVEE Bonds in SYIP time period •Derive cost estimates for implementation of VTrans Strategic Actions and identify appropriate funding sources •Impact of 2022 General Assembly Session budgetary actions will need to be incorporated, if approved •Proposed employee raises •5% effective 6/10/2022 (FY 2023) •5% effective 6/10/2023 (FY 2024) •Estimates to conduct evaluation of condition of city streets •Proposed investments in trails and other initiatives Next Steps 34 45 Transportation Committee Agenda Item Detail Meeting Date: January 24, 2022 Agenda Section: County Project Updates Title: County Project Updates Attachments: TC01-24-22CountyProjectUpdates.pdf 46 Item 3: County Project Updates Crossover Boulevard aka Tevis Street Extension/Airport Road/I-81 Bridge: Complete! Final bills are still coming in but expected to come to an end soon. Renaissance Drive: Staff is working through the agreement and real estate process with CSX. A potential hurdle has arisen with the real estate division related to their understanding of where the County is in the process. Staff is working with VDOT and CSX on this issue and expect to have further information/clarification by the date of the Transportation Committee. 47 Transportation Committee Agenda Item Detail Meeting Date: January 24, 2022 Agenda Section: Other Title: Other Attachments: TC01-24-22Other.pdf 48 Item 4: Other 49