Difference between revisions of "VDOT revenue sharing"

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[[Category: Transportation funding]]

Revision as of 11:50, 8 July 2009

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. From their website: The “Revenue Sharing Program” provides additional funding for use by a county, city, or town to construct or improve the highway systems within such county, city, or town, 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 with appropriate forms as outlined in the Revenue Sharing Guide. 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 the Department of Transportation or, by the locality under an agreement with the Department.

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. 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[2]. In FY08, the Board of Supervisors has applied for an additional $1,000,000 in revenue sharing to pay for cover the Parkway's cost increase to $30.6 million[3].

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