Module X: Cooperative Revenue Forecasting

Module X:

Cooperative Revenue Forecasting

Federal Requirements

“For the purpose of developing the metropolitan transportation plan, the MPO, public transportation operator(s), and State shall cooperatively develop estimates of funds that will be available to support metropolitan transportation plan implementation, as required under §450.314(a). All necessary financial resources from public and private sources that are reasonably expected to be made available to carry out the transportation plan shall be identified.”

– 23 CFR 450.322(f)(10)(ii) – 23 CFR 450.324(h) for the TIP


The written agreement(s) shall include specific provisions for cooperatively developing and sharing information related to the development of financial plans that support the metropolitan transportation plan (see §450.322) and the metropolitan TIP (see §450.324) and development of the annual listing of obligated projects (see §450.332).

– 23 CFR 450.314(a)


Other Elements

TIP Projects show all sources of funds

Project selection from TIP– State all funds (non-TMA)– State Interstate, NHS, Bridge (TMA)

Operations & Maintenance– System level estimates of revenue

Notable Practice: Pennsylvania

What are they doing?

“Transportation Program Financial Guidance”• A cooperative effort;• A long-term strategic viewpoint;• A Commonwealth perspective;• Existing and readily available data;• Statewide and regional needs-based decision-making;• Responsiveness to near-term issues and priorities; and,• Coordination with other agencies and initiatives.


“A Commonwealth perspective”

• Interstate Program including portion of NHS and BR• Economic Development - $25m/yr (state)• Transit Flex - $25m/yr (Federal)• Statewide Items - $39m/yr avg (striping, env permitting,

etc.)• “Spike” funding – 20% of balance


Who is involved?

Pennsylvania Planning Partners –• MPOs, RPOs, • FHWA, FTA• State Transportation Commission,

PennDOT

The Financial Guidance Work Group

Notable Practice: Utah

What are they doing?

“Utah’s Unified Transportation Plan”

• Four MPOs and State developed LRPs concurrently• Joint Financial Committee developed revenue estimates• Common assumptions for new revenues and revenue

growth• “Congestion Relief” funds distributed based on population

projections

Notable Practices

What is transferable?

• All MPOs (and RPOs) involved in Statewide process• State’s interests acknowledged• Methodologies/assumptions are transparent• Concurrent schedules for plan development• Revenue forecast “Appendix” generated

Anything else?

Suballocation

How is Cooperative Revenue Estimation different from Suballocation?• Negotiation vs. Mandate• Recognizing needs and how they change• Best estimate vs. guarantee

Anything else?

Resources

Next Steps

What about our State?

• Do we have a written agreement on revenue forecasting?• Do all the MPOs have the same agreement?• What can you transfer from the notable practices?

Module X: Cooperative Revenue Forecasting

Documents

Transcript of Module X: Cooperative Revenue Forecasting