FUNDING AND FINANCE FEDERAL TRANSPORTATION PROGRAMS STATE FUNDING
Reston Transportation Funding
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Transcript of Reston Transportation Funding
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County of Fairfax, Virginia
Reston Funding PlanPotentialSources of Revenue for Funding
Reston Transportation Improvements
Reston Network Analysis & Funding Plan Advisory Groupecem!er "#$ %"'
(anet NguyenFairfa) *ounty epartment of Transportation
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County of Fairfax, Virginia
Reston Funding Plan
"+ ,verview
%+ Status-+ Sources of Revenue
#+ Tysons *ost Allocation .odel
'+ Ne)t Steps
epartment of Transportation%
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County of Fairfax, Virginia
Funding Plan ,verviewStrategy for providing financial resources to pay fortransportation improvements in t/e Reston P/ase I*ompre/ensive Plan Amendment$ Approved Fe!ruary ""$%"#+
01ears F1%"'2F1%'# 3# years4
0Pro5ect priorities0Pro5ect *as/ Flows
0*ost allocations
epartment of Transportation-
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Status of Funding Plan0 rafted6
7 Pro5ects list
7 Preliminary cost estimates$ in F1%"' dollars7 Potential revenue sources
0 In evelopment6
7 Pro5ect prioriti8ation7 *ost allocations
epartment of Transportation #
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Transportation Improvement *ategories
"+ Reston2wide Improvements7 Road transportation improvements"3,verpasses$ 9idenings$
:)tensions$ Interc/anges4 to en/ance connectivity
7 Intersection improvements re;uired for ade;uate trafficoperations
%+ Grid of local streets in Reston TSA areas
7 :n/ance pedestrian and ve/icular circulation in$ around$ andt/roug/$ station areas
epartment of Transportation'
"All roadways will !e designed wit/ pedestrian facilities+ .any will also /ave !ike facilities+
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epartment of Transportation?
0Intersection Projects$=+
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S/ared Funding SolutionsPu!lic and private investment in Reston is !ot/ critical and responsi!le for ensuring
Reston@s future success+ 9/ile eac/ solution is uni;ue to t/e situation$ t/ere are a rangeof transportation funding mec/anisms availa!le+
Pu/lic sector fundingwill come from federal$ state$ local$ and regional sources+0.ultiple sources wit/in eac/ category
Pri0ate sector funding can come from6
0Proffers
0*as/ contri!utions$ Road Fund3per s;uare footper dwelling unit contri!utions4
0In2kind *ontri!utions
0Ta) istrictsService istricts andor
0,t/er
epartment of TransportationB
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Pu!lic and Private Investment
Pu/lic and pri0ate sources of re0enue identified to potentiall&fund plan include the follo%ing:
0:)isting and /istorical funding sources t/at /ave !een allocated totransportation pro5ects
0:)isting or potential funding sources availa!le to Fairfa) *ounty$ aspermitted !y law
epartment of Transportation>
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County of Fairfax, Virginia
Pu!lic C Federal Revenue Sources
epartment of TransportationD
Congestion Mitigation ir 2ualit& 3CM24
0Primarily for capital pro5ects t/at relieve congestion and improve air ;uality+
0Allocated and approved annually !y t/e Nort/ern Eirginia Transportation Aut/ority3NETA4+
Regional 5urface ransportation Program 3R5P4
0*an !e used for many transportation capital improvements+
0Allocated and approved annually !y NETA+
6iscretionar& 'rant Programs
0*ompetitive process$ not a predicta!le source of revenue+
0Amount of funding varies !y cycle+
0TIG:R 7 Transportation Infrastructure Generating :conomic Recovery+
0Allocated !y S,T+
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Pu!lic C Federal Revenue Sources
epartment of Transportation "
ttri/utes:0*an provide lump sum of revenue+
0*an !e used to leverage ot/er sources of revenue+
0*an provide fairly fle)i!le revenues$ e+g+$ RSTP+
0Tend to increase overall pro5ect costs due to additional Federal re;uirements+
0Tend to lengt/en overall pro5ect sc/edule to meet t/ese re;uirements+
0Re;uires pro5ect funding agreements$ w/ic/ can !e a lengt/y process+
0nrelia!lenpredicta!le due to competitive process for discretionary grants+
5ource and 7stimated nnual llocation to Count&
*ongestion .itigation Air uality 3*.A4 ="#.
Regional Surface Transportation Program 3RSTP4 =">.
iscretionary Grant Programs =NA
otal 7stimated nnual llocation to Count& $!*M
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County of Fairfax, Virginia
Pu!lic C State Revenues Sources
Re0enue 5haring
0*an !e used for many transportation capital improvements+
0Re;uires "H local cas/ matc/+
0?etween ="' million and =% million can !e allocated and approved annually
!y t/e *T?+0imited availa!ility$ =". ma) application per locality per year+
0T/e state /as allocated appro)imately ="> million for t/e program in F1 %" and %"D7 =' million in F1 %% and %%"
epartment of Transportation""
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County of Fairfax, Virginia
Pu!lic C State Revenues Sources8* and 81++9
J? % provides for t/e development of a prioriti8ation process for pro5ects funded !y t/e*ommonwealt/ Transportation ?oard 3*T?4+
0*onsiders congestion mitigation$ economic development$ accessi!ility$ safety$ and environmental;uality+
0*T? weig/ts t/ese factors for eac/ of Eirginia@s transportation districts and can assign different
weig/ts to t/e factors for various regions+0*ongestion mitigation must !e weig/ted /ig/est in Nort/ern Eirginia and Jampton Roads+
J? ">>B created a new funding formula for t/e *ommonwealt/@s roadway construction pro5ects6
0#'H of t/e funding goes to state of good repair+
0%B+'H of t/e funding goes to state%ide high-priorit& projects program 3pro5ects of statewideimportance t/at will !e evaluated and selected using t/e J?% process4+
0%B+'H of t/e funding to /ig/way construction district grant programs 3localities would compete forfunds under a regional version of t/e J?% process4+
The County submits applications for both Statewide and District Grant programs, in accordance with
Board priorities and the Programs requirements
epartment of Transportation "%
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County of Fairfax, Virginia
Pu!lic C State Revenue Sources
epartment of Transportation "-
5ource and 7stimated nnual llocation to Count&
Revenue S/aring ="
3J?%J?">>B4 Statewide Jig/ Priority Pro5ects Program 3JPPP4 =NA
3J?%J?">>B4 *onstruction istrict Grant Program 3*GP4 =NA
otal 7stimated nnual llocation to Count& $1
ttri/utes:0J? %J?">>B programs unpredicta!le due to competitive pro5ect selection process+0*an provide large sums of revenue$ e+g+ J?%J?">>B0*an !e used to leverage ot/er sources of revenue$ e+g+ J?%J?">>B$ Revenue S/aring+0Proposed reduction in Revenue S/aring funds may make it more difficult for *ounty to
receive t/e same amount of funding as in years past+0se of State funds re;uires pro5ect funding agreements$ w/ic/ can !e a lengt/y process+
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Pu!lic C ocal Revenue Sources
epartment of Transportation "#
'eneral Fund0T/e General Fund is t/e *ounty@s primary operating fund and supports all generalpurpose functions in t/e *ounty+0Revenues derived mostly t/roug/ real property and personal property ta)es+0Significant portion of General Fund revenues are transferred to finance ot/er countypriorities$ t/e pu!lic sc/ools 3F*PS4$ /uman services$ pu!lic safety$ and de!t service
among ot/er t/ings+
ttri/utes:0*urrently$ transfers are primarily for transit pro5ects0F1 %"< Transfers6
7 *ounty Transit =-#+'.K7 .etro =""+-.K7 Transportation =B+>.K7 de!t2service on transportation related G+,+ ?onds NA+
5ource and 7stimated nnual Re0enue to Count&
General Fund Transfers to Transportation F1%"< ='-+
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Pu!lic C ocal Revenue Sources
epartment of Transportation "'
Commercial and Industrial 3C;I4 a
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Pu!lic C ocal Revenue Sources
epartment of Transportation " !? @ocal 6istri/ution Funds
0(> 9? Regional Re0enue Funds
epartment of Transportation "B
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Pu!lic C ocal Revenue Sources8*!1! - (> !? @ocal 6istri/ution Funds
0-H of funds will !e distri!uted to t/e individual localities on pro2rata !asis fortransportation+
0.ust !e spent on6 ur!an or secondary road constructionK capital improvements t/atreduce congestionK pro5ects included in NETA@s long2range planK or for pu!lictransportation purposes+0istri!uted mont/ly to t/e *ounty from NETAK *ounty receives a!out =#' millionannually+0Allocated to pro5ects !y t/e *ounty ?oard+
ttri/utes:
0Relia!le sources of revenue+
0Fle)i!le source of revenue and can !e s/ifted !etween pro5ects to optimi8e availa!ility offunding+
epartment of Transportation ">
Source and :stimated Annual Allocation or Revenue to *ounty
NETA -H ocal istri!ution Funds =#'.
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Pu!lic C Regional Revenue Sources8*!1! - (> 9? Regional Re0enue Funds
0BH will !e provided to t/e Nort/ern Eirginia Transportation Aut/ority 3NETA4 to !e used on67 Regional pro5ects included in TransAction %# or its updatesK and7 Pro5ects evaluated !y E,T for reducing congestion as re;uired !y J? 'DD 3%"%47 !"T# must gi$e priority to selecting pro%ects that are e&pected to pro$ide the greatest
congestion reduction relati$e to cost of the pro%ect0Appro)imately =% million availa!le to !e allocated !y NETA eac/ year+
ttri/utes:
0*an provide large and small sums of revenue+
0*ompetitive processK NETA BH not guaranteed due to limited amount of funds availa!le relating toamount re;uested+
0,ver t/e long2term$ eac/ locality@s total long2term !enefit must !e appro)imately e;ual to t/e
proportion of t/e total of t/e regional fees and ta)es attri!uta!le to t/e locality+0Pro5ects must meet specific re;uirements to !e eligi!le 3no maintenance$ inclusion in regional plan$etc+4
epartment of Transportation "D
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Pu!lic C ,t/er Revenues
5ales a
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Pu!lic C ,t/er Revenues
Real-estate ta< 3/ase rate4:="+D=" assessed valueK ?oard of Supervisors /asaut/ority to annually amend and adopt a new ta) rate+ An increase of " cent couldgenerate appro)imately =%%. in additional revenues in F1%"
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Pu!lic C ,t/er RevenuesMeals aM4: Ta) on miles traveled !y ve/icles registered in Fairfa) *ounty+ T/e*ounty currently does not /ave a fee on E.T+ T/is would affect !usinesses and residents wit/ ve/iclesregistered in Fairfa) *ounty+ Re;uires General Assem!ly aut/ori8ation to enact+
epartment of Transportation %%
Potential nnual Re0enue to Count&
.eals Ta) at "H rate =%%+'.L
.eals Ta) at #H rate =D.L
L?ased on calendar year %"- ta)a!le sales at
Food and rink Places in Fairfa) *ounty
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Pu!lic Sources of Revenue:stimated annual pu!lic funds to *ounty for transportation, Count&-%idefrom sources discussed6
8o%e0er, pu/lic funding for Reston Funding Plan projects ma& not /e readil& a0aila/le untilF**1:
0.ost of t/e pu!lic sources of revenue /ave already !een committed to pro5ects in t/e ?oard@s Si)1ear Transportation Pro5ect Priorities 3TPP4 for F1%"'2F1%%$ w/ic/ includes a!out ="%+'. forTR overpasses 3planning level funding only4 t/at are included in t/e Reston Funding Plan+
0Fairfa) *ounty !ond packages are planned to fund specific pro5ects+ T/is means t/at all previous!ond aut/ori8ations were planned for or are o!ligated to specific pro5ects+
0:ven after F1%%"$ pu!lic funds for transportation must !e programmed to pro5ects t/roug/out*ounty+ :)ample6 Some of t/e pu!lic sources /ave !een committed to t/e Tysons funding plant/roug/ %' or pro5ects initiated during F1%"'2%% timeframe+
Additional funding from private sources of revenue required to fully fund projects in Reston.
epartment of Transportation %-
Federal =-%$$State ="$$Regional =D$$ocal ="B"$$
otal 7stimated nnual Pu/licFunds to Count& for ransportation $!!,,
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Private C Proffers*ontri!utionsProffers
0Eoluntary commitment !y landownersdevelopers to perform an act or to donate money$land$ services or products to addressoffset impact3s4 arising from t/eir proposedre8oning+
Proffers may !e offered to offset pu!lic facility costs via two met/ods6
1Cash Proffer: money voluntarilyprofferedin a writing signed !y t/e owner of propertysu!5ect to re8oning$ su!mitted as part of a re8oning application+
7 Funding can !e pooled from multiple re8onings to fund one or more pro5ects e+g+Road Fund+
*In-)ind Contri/ution: pro5ects completed !y t/e developer seeking re8oningK7 ,n2Site6 Improvements directly connected andor needed for redevelopment+
7 ,ff2Site6 Improvements not directly connected andor needed for redevelopment+
epartment of Transportation %#
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County of Fairfax, Virginia
Private C Road FundIn2Mind *ontri!utions
:)ample6 evelopers provide in2kind contri!utions and contri!ute to two funds to pay forTysons improvements over # years+
Grid of Streets 3=>
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Private C Service istrict5er0ice 6istrict:0Fund transportation improvements located wit/in a defined geograp/ic area+0oes not re;uire landowner approval$ approved and esta!lis/ed !y t/e ?oard of Supervisors+0Tysons Service istrict will fund appro)imately =%'-. wort/ of improvements or ' percent ofTysons29ide Road Improvements+ Rate in F1%"< is =+' per =" of assessed real estate value+?oundary is generally consistent wit/ t/e Tysons *orner r!an *enter+
ttri/utes:0Relia!le source of revenue0?onda!le
0Applies to !ot/ residential and commercial property
0Imposed !y t/e ?oard of Supervisors
epartment of Transportation %
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Tysons2wide *ost Allocation .odelIn (une %"$ staff recommended to t/e Tysons su!2committee a cost allocation !asedon local and t/roug/ traffic as follows6
Tysons2wide pro5ect costs s/ould !e a s/ared responsi!ility !etween t/e pu!lic andprivate sectors+
T/e cost s/are s/ould !e allocated !ased upon t/e ratio of t/roug/ 3-'H4 and local3".46
Private Sector -%+'H 3$*!M4
Pu!lic Sector
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Tysons2wide *ost Allocation .odel
In ecem!er %"$ t/e updated funding plan for %' includedadditional pro5ects totaling ="+%>?+
0T/e Tysons su!2committee recommended a more e;uita!le cost
allocation model t/at also included %' pro5ects+0Staff worked in cooperation wit/ t/e Tysons Partners/ip over manymeetings arrived at a cost allocation model !ased on a D" split3discussed in t/e ne)t slide4+
0In (une %"%$ staff returned to t/e su!2committee wit/ t/e D" split
allocation 3discussed in ne)t slide4$ w/ic/ t/e su!2committeedetermined to !e a correct !asis for an appropriate allocation+
epartment of Transportation -%
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Tysons2wide *ost Allocation .odel
&sons-%ide Road Impro0ements
Pro5ects6 T/ese are larger pro5ects$ suc/ as new ramps$ new roads$ andwidening e)isting roads+
Total6 ="$%>$$
epartment of Transportation--
3$mil4 Pu/lic Pri0ate otal Pu/lic 3?4 Pri0ate 3?4
,utsideTysons
=
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Tysons *ost Allocation .odel
&sons-Wide ransportation Fund 3Pri0ate @ando%nerA6e0elopercontri/utions4 3$#M4:0ORoad Fund 3=%'-4 2 eveloper contri!utions to a per s;+ ft+per unit fund
7 Rates are su!5ect to annual inflation ad5ustment !ased on *PI0Service district 3=%'-4
7 O.odified ?ell *urve model to meet =%'-. need+7 Rates6 =+# in F1 %"#$ =+# in F1 %"'$ and =+' in F1 %"
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Tysons Transportation Funding Allocation
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Reston Potential *ost Allocation0 Reston2wide Improvements 3="+-#'?4
7 ,utsideInside
7 ,utside to !e primarily funded !y pu!lic sector
7 Inside to !e primarily funded !y private sectorcontri!utions
0 Grid Network 3="+%>#?4
7 Primarily funded !y private sector contri!utions
0 Total funding plan6 =%+
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Ne)t Steps
0 Advisory group feed!ack on potential revenue sources$including ot/ers t/at s/ould !e evaluated
0 evelopment of proposed funding plan to include cost
allocations !etween pu!lic and private sector0 ,utreac/ to stake/olders and pu!lic
0 Revise plan !ased on feed!ack received
0 S/are proposed funding plan wit/ ?oard Transportation
*ommittee0 Seek ?oard of Supervisors approval
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*ommentsuestions
epartment of Transportation->
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*ontact Information
For Guestions and comments please contact:
(anet Nguyen(anet+Nguyenfairfa)county+gov
Ray (o/nson
*arroll+(o/nsonfairfa)county+gov