Difference between revisions of "VDOT revenue sharing"

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==FY2011==
 
==FY2011==
In {{as of|2011}}, the City of Charlottesville is applying for $1 million to pay for repair work to the [[Belmont Bridge replacement|Belmont bridge]].  They are among 6 localities in VDOT's Culpeper District that are seeking funding through revenue sharing.<ref>Tubbs, Sean. "City Adopts New Strategy to Accelerate Belmont Bridge Project." Charlottesville Tomorrow News Center. 20 May 2010. Web. 21 June 2010. <http://cvilletomorrow.typepad.com/charlottesville_tomorrow_/2010/05/belmont-bridge.html>.</ref>.  
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In {{as of|2011}}, the City of Charlottesville is applying for $1 million to pay for repair work to the [[Belmont Bridge replacement|Belmont bridge]].  They are among 6 localities in VDOT's Culpeper District that are seeking funding through revenue sharing.<ref>Tubbs, Sean. "City Adopts New Strategy to Accelerate Belmont Bridge Project." Charlottesville Tomorrow News Center. 20 May 2010. Web. 21 June 2010. <http://cvilletomorrow.typepad.com/charlottesville_tomorrow_/2010/05/belmont-bridge.html>.</ref>. However, VDOT is reducing the amount of funding available and is providing only a partial match, meaning the city may only receive $450,000<ref>Dixit, Rachana. "Revenue Matching Funds for Roads Cut | Charlottesville Daily Progress." Charlottesville News, Sports, Business, Events and Jobs | Charlottesville Daily Progress. 27 June 2010. Web. 28 June 2010. <http://www2.dailyprogress.com/cdp/news/local/article/revenue_matching_funds_for_roads_cut/57668/>.</ref>.
  
 
==FY2008==
 
==FY2008==

Revision as of 08:36, 28 June 2010

Both Charlottesville and Albemarle County participate in VDOT's Revenue Sharing Program, which is administered by VDOT under the authority of Section 33.1-23.05 of the Code of Virginia.

The program provides additional funding for use by a county, city, or town to construct or improve the highway systems within that jurisdiction, with statutory limitations on the amount of state funds authorized per locality. Funds can also be requested for eligible additions in certain counties of the Commonwealth. Locality funds are matched with state funds for qualifying projects. An annual allocation of funds for this program is designated by the Commonwealth Transportation Board.[1]

Application for program funding must be made by resolution of the governing body. Towns not maintaining their own streets must have their requests included in the application of the county in which they are located. Project administration may be accomplished by VDOT, or by the locality under an agreement with VDOT

FY2011

In As of 2011, the City of Charlottesville is applying for $1 million to pay for repair work to the Belmont bridge. They are among 6 localities in VDOT's Culpeper District that are seeking funding through revenue sharing.[2]. However, VDOT is reducing the amount of funding available and is providing only a partial match, meaning the city may only receive $450,000[3].

FY2008

The City of Charlottesville received $1,000,000 in FY07-08 after contributing $1,500,000 as a match to help pay for adding an extra lane and second lamp on southbound Route 29 onto the eastbound Route 250 bypass[citation needed].

In FY08, the Board of Supervisors applied for an additional $1,000,000 in revenue sharing to pay for cover the Parkway's cost increase to $30.6 million[4].

FY2007

Albemarle County received $1,000,000 in FY07 after contributing $1,500,000 as a match to pay down the balance required for its share of the Meadowcreek Parkway[5].

Notes

  1. http://www.virginiadot.org/BUSINESS/local-assistance-access-programs.asp
  2. Tubbs, Sean. "City Adopts New Strategy to Accelerate Belmont Bridge Project." Charlottesville Tomorrow News Center. 20 May 2010. Web. 21 June 2010. <http://cvilletomorrow.typepad.com/charlottesville_tomorrow_/2010/05/belmont-bridge.html>.
  3. Dixit, Rachana. "Revenue Matching Funds for Roads Cut | Charlottesville Daily Progress." Charlottesville News, Sports, Business, Events and Jobs | Charlottesville Daily Progress. 27 June 2010. Web. 28 June 2010. <http://www2.dailyprogress.com/cdp/news/local/article/revenue_matching_funds_for_roads_cut/57668/>.
  4. http://cvilletomorrow.typepad.com/charlottesville_tomorrow_/2008/06/parkway_funding.html
  5. http://www.virginiadot.org/business/resources/APPROVED-FY07FY08RevShAllocations.pdf

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