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Virginia Department of Rail and Public Transportation FY05 Budget & Six-Year Program

Virginia Department of Rail and Public Transportation FY05 Budget & Six-Year Program. Commonwealth Transportation Board June Workshop Karen Rae Chip Badger June 17, 2004. Presentation Outline. Fiscal Year 2005 Agency Budget and Program Six Year Capital Program

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Virginia Department of Rail and Public Transportation FY05 Budget & Six-Year Program

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  1. Virginia Department of Rail and Public Transportation FY05 Budget & Six-Year Program Commonwealth Transportation Board June Workshop Karen Rae Chip Badger June 17, 2004

  2. Presentation Outline • Fiscal Year 2005 Agency Budget and Program • Six Year Capital Program • Policy Consideration to be Studied

  3. Department of Rail and Public Transportation Agency Budget - Transfers and Revenues for FY05 Total DRPT Budget for FY05 - $266.3 million

  4. Department of Rail and Public Transportation Agency Budget – Recommended Allocations for FY05 Total DRPT Budget for FY05 - $266.3 million

  5. Department of Rail and Public Transportation Agency Budget – Recommended Allocations for FY05 • Agency Expenses - $4.2M • Up $951K or 29% • Eight additional positions – new MEL 44 • Support to Other Agencies - $1.0M • Up $101K or 11%

  6. Department of Rail and Public Transportation Agency Budget – Recommended Allocations for FY05 • Rail Transportation Assistance - $34.2M • Rail Preservation Program - $3.1M • FRA and Operation Lifesaver - $0.8M • VTA 2000 Projects - $30.2M

  7. Department of Rail and Public Transportation Agency Budget – Recommended Allocations for FY05 • Public Transportation Assistance - $226.7M • State Aid to Public Transportation - $116.1M • VTA 2000 Projects - $9.0M • State TTF Funds - $4.8M • State TEIF Funds - $3.0M • Dulles Project (Federal Funds, DTR & VTA) - $47.2M • Federal Flex Funds - $35.6M • Federal FTA Funds - $10.1M • Local Match to FTA 5310 - $0.6M

  8. Rail and Public Transportation in Virginia – FY05 • 47 public transportation systems (4 new) • 163 million annual passenger trips in 2003 • 15 TDM programs • 35 human service agencies receiving FY05 grants • 6 Shortline Railroads receiving FY05 grants

  9. Public Transportation Program Sources of Funds for FY05 Total Public Transportation Funding for FY05 - $696 million

  10. Public Transportation Funding in Virginia – FY05

  11. Public Transportation Program State Funds for FY05

  12. Public Transportation Program State Formula Assistance

  13. Public Transportation Program State Capital Assistance

  14. Department of Rail and Public Transportation Agency Budget – Recommended Allocations for FY05 • Transportation Efficiency Improvement Fund (TEIF) - $3.0M • 13 Transportation Demand Management (TDM) Programs • 4 Special TDM Initiatives • Special Projects - $1.7M • 16 Public Transportation Demonstration Projects • 10 Technical Assistance Projects • 6 Public Transportation Internships

  15. Public Transportation Program Six Year Capital Improvement Program

  16. Public Transportation Program Six Year Capital Improvement Program

  17. Public Transportation Program Six Year Capital Improvement (Possible)

  18. Moving ForwardPolicy Consideration • “Hold Harmless Capital Match Ratio” to be studied • Why? – to protect most transit capital improvement programs against plummeting state share • How? – reduce state contribution to very high cost projects and redistribute the funds among the low cost projects • Method? – set minimum state match ratio (ex: 50%, 80% or 95%) and set maximum amount to be guaranteed at this match ratio (ex: $500K, $1M, $2M)

  19. Questions

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