Providing a transportation system that is fully accessible and that helps to maintain safe mobility options in the future will require investments from both the public and private sectors. Improvements to the region’s transportation system depend on:
- the amount of revenue available
- the uses to which those revenues can legally be used
- the agencies responsible for deciding when and how transportation projects will be developed
The 2030 RTP financial plan includes anticipated revenue from federal, state and local sources as well as private dollars dedicated to specific transportation projects. Within the time-period of the 2030 Regional Transportation Plan, approximately $9.57 billion in revenues were identified for transportation projects.
Revenue estimates were adjusted to reflect mid-decade figures, new revenues sources and new financial projections. With the total cost of all of the projects identified to meet the future transportation needs for the 2030 Plan in excess of $14.37 billion, it was clear that many difficult choices had to be made.
Virtually all revenue sources available for transportation in the region have restrictions on how the funds can be used. Federal and state laws limit the use of transportation funds for various transportation modes.
Local ordinances may specify or further restrict the use of these local revenues. Even private contributions, such as developer impact fees, have legal limitations on where and how those funds can be used.
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