At last week's Commonwealth Transportation Board meeting, VDOT reported that year-end actual revenue collections for the Northern Virginia Transportation Authority Fund were in line with forecast. Forecasted FY2014 collections were $261.2 million whereas actual collections were $261.5 million.
Over the next six years, the Northern Virginia Transportation Authority Fund is estimated to receive the following for regional and local transportation projects:
FY2015 $ 299.3 million FY2016 $ 310.4 million FY2017 $ 321.0 million FY2018 $ 332.3 million FY2019 $ 344.1 million FY2020 $ 356.4 million TOTAL Six-Year Plan $ 1,963.4 billion (6.03% of total statewide TTF) Forecasted Allocation
Should Six-Year Plan financial forecasts hold true, Northern Virginia will receive approximately $2 billion dollars over the next six years. Invested wisely, those funds can go a long way to helping alleviate some of this region's biggest bottlenecks.
Click here for more information on the FY14 fiscal performance and here for more information on the FY2015-2020 six-year fiscal plan.
$2 Billion Is a Lot of Money
Let's Make Sure To Invest It Right
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Fact: 82% of all daily trips in this area are by automobile, 11% by walking or bicycle and 7% by bus or rail. Fact: Fairfax, Loudoun and Prince William are Virginia’s top three largest counties. Fact: The combined population within Loudoun and Prince William counties’ borders (849,000) nearly equals that within the borders of the District of Columbia and Arlington County (860,000).