HRTPO Board Meeting │ November 19, 2015 │ Agenda

ITEM #21: FOR YOUR INFORMATION A. HAMPTON ROADS TRANSPORTATION FUND: MONTHLY FINANCIAL REPORT

The Virginia Department of Transportation (VDOT) provides the HRTPO with monthly financial reports relating to the HRTF including the following information:

• Revenue from sources as detailed by the collecting agency • Interest earnings • Expenditures reflecting both the program (HRTF) total as well as project totals • The current cash position/balance in the HRTF as well as forecasted cash

position/balance

Attachment 21-A

November 9, 2015

HAMPTON ROADS TRANSPORTATION FUND FINANCIAL REPORT

FY2014 – FY2016

VDOT provides the HRTPO and HRTAC staff with monthly financial reports relating to the HRTF including the following information:

• Revenue from sources as detailed by the collecting agency • Interest earnings • Expenditures reflecting both the program total as well as project totals • The current cash position/balance in the HRTF as well as forecasted cash

position/balance

Attached are the September 2015 financial reports. Based on the financial reports received to date from VDOT, the HRTPO staff has analyzed the data and prepared the attached reports and summaries:

Revenues Total Gross Revenues (as of September 30, 2015): $351,767,628

• State Sales and Use Tax : $264,046,539 • Local Fuels Tax : $86,138,774 • Interest : $1,582,315

Expenditures Total Expenditures: $2,142,715

• I-64 Peninsula Widening – Segment 1: $1,544,502 • Total Dept. of Tax Administrative Fees: $499,518 • Total DMV Administrative Fees: $98,695

Cash Balance Ending Cash Balance: $349,624,913 Encumbered Balance Balance of Encumbered: $350,711,990

• Allocation: $352,256,492 • Less Construction Expenditures: $1,544,502

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Attachment 21-A

HRTPO Board Meeting │ November 19, 2015 │ Agenda

B. NATIONAL HIGHWAY SYSTEM MODIFICATIONS - VIRGINIA

The attached letter from the Federal Highway Administration (FHWA) approving the National Highway System (NHS) modifications requested subsequent to the Virginia Department of Transportation’s (VDOT) statewide highway functional reclassification process includes 557 and deletes 224 miles from the State’s (Conditionally Approved) NHS.

Attachment 21-B

Attachment 21-B

HRTPO Board Meeting │ November 19, 2015 │ Agenda

C. U.S. DOT TIGER GRANT AWARDS

The U.S. Department of Transportation (USDOT) has awarded $500 million in Transportation Investment Generating Economic Recovery (TIGER) grants to 39 transportation projects across the country. TIGER grants “recognize projects nationwide that will advance key transportation goals such as safety, innovation and opportunity.” USDOT received 627 applications from all 50 states and several territories for the seventh round of funding. These applications were valued at $10.1 billion or 20 times the allocated amount. The Commonwealth of Virginia did not receive any funding as a result of the seventh round of awards. The full listing of awards is attached.

Attachment 21-C

201 5 AWARDS

Rural Award

Urban Award

! (

" )

Attachment 21-C

2015 TIGER Awards

Project Name (click to link) State TIGER Grant

Award

Urban/

Rural

Connecting our Neighborhoods to

Opportunities Alabama $20,000,000 Urban

Native Village of Point Hope Transportation

Infrastructure and Transit Improvement

Project Alaska $2,899,992 Rural

Grand Canal Bike and Pedestrian

Improvements Arizona $10,330,000 Urban

SR 347 Grade Separation Project Arizona $15,000,000 Rural

Port of Hueneme Intermodal Improvement

Project California $12,300,000 Urban

Rail to Rail Active Transportation Corridor

Connector Project California $15,000,000 Urban

Tenth Avenue Marine Terminal

Modernization Project California $10,000,000 Urban

Southwest Chief Route Advancement and

Improvement Project Colorado $15,210,143 Rural

Barnum Station Project Connecticut $10,000,000 Urban

Līhu‘e Town Core Mobility and Revitalization Hawaii $13,815,100 Rural

Milwaukee District – West Line Fox River

Bridge Improvement Project Illinois $14,000,000 Urban

Port of Indiana - Jeffersonville Truck-to-Rail

and Rail-to-Water Improvements Indiana $10,000,000 Urban

Regional Truck Parking Information and

Management System Kansas $25,000,000 Rural

Transforming Dixie Highway Project Kentucky $16,910,000 Urban

New Orleans Canal Street Ferry Terminal Louisiana $10,038,678 Urban Attachment 21-C

2015 TIGER Awards (Continued)

Project Name (click to link) State TIGER Grant Urban/

Rural

Maine Regional Railways Project Maine $20,000,000 Rural

Southeast Baltimore Port Industry Freight

Corridor Plan Maryland $10,000,000 Urban

Lowell Canal Bridges Massachusetts $13,389,750 Urban

Willmar Rail Connector and Industrial

Access Minnesota $10,000,000 Rural

Greening the Gateways Mississippi $16,500,000 Urban

U.S. Route 54 Mississippi River Bridge Missouri $10,000,000 Rural

Glacier Rail Park/Kalispell Core Area

Development and Trail Project Montana $10,000,000 Rural

NEC Portal Bridge Replacement

Acceleration Project New Jersey $16,000,000 Urban

Pueblo of Laguna Bike and Pedestrian

Priority Route Construction New Mexico $1,000,000 Rural

Bronx River Greenway: Bridge the Critical

South Bronx Gap New York $10,000,000 Urban

Hudson Links I-287 BRT/ITS Project New York $10,000,000 Urban

Main Street Multi-Modal Access and

Revitalization New York $18,000,000 Urban

Charlotte Gateway Station Track and Safety

Improvements North Carolina $25,000,000 Urban

U.S. 301: Road to Opportunity North Carolina $10,000,000 Rural

Transit Tech Ohio Ohio $6,839,860 Rural

Port of Newport International Terminal

Shipping Facility Oregon $2,000,000 Rural

Closing the Gaps Pennsylvania $10,265,000 Urban Attachment 21-C

2015 TIGER Awards (Continued)

Project Name (click to link) State TIGER Grant Urban/

Rural

Hopkinton Travel Plaza and Transit Hub Rhode Island $9,000,000 Rural

South Dakota Freight Capacity Expansion

Project South Dakota $6,000,000 Rural

Texas Rural Transit Asset Replacement

Project Texas $20,802,400 Rural

Western Vermont Freight-Passenger Rail

Project Vermont $10,000,000 Rural

Mukilteo Multimodal Ferry Terminal Washington $10,000,000 Urban

Tacoma LINK Expansion Washington $15,000,000 Urban

Milwaukee Streetcar - Lakefront Line Wisconsin $14,200,000 Urban

Attachment 21-C

HRTPO Board Meeting │ November 19, 2015 │ Agenda

D. 2040 LRTP REVISED FORECASTED REVENUES AND SCHEDULE

On October 30, 2015, HRTPO staff received revised revenue forecasts for the 2040 Long-Range Transportation Plan (LRTP). The revised revenue forecast reflects House Bill 1887 funding distributions for State of Good Repair, High-Priority Projects Program, and the District Grant Program. Over the next few months, HRTPO staff will work closely with the LRTP Subcommittee and the Transportation Technical Advisory Committee (TTAC) to develop a new 2040 LRTP Draft Fiscally-Constrained List of Projects, reflecting the new funding assumptions contained in the revised forecast. The Transportation Technical Advisory Committee was provided with a brief presentation (attached) detailing the revised revenue forecasts at the November 2015 meeting. Attachment 21-D

Revised Revenue Forecast

Presented to the Transportation Technical Advisory Committee November 4, 2015 Dale M. Stith, AICP, GISP Principal Transportation Planner Hampton Roads Transportation Planning Organization

Attachment 21-D

2

• Original 2040 LRTP Revenue Forecast received December 2013

• HRTPO staff informed by VDOT that the 2040 LRTP Revenue Forecast was being revised

July 2015

• Revised 2040 LRTP Revenue Forecast received • House Bill 1887 Funding Distributions • State of Good Repair • High-Priority Projects Program • District Grant Program

October 30, 2015

Attachment 21-D

ORIGINAL Forecast: $24.8 Billion

(Received December 2013)

FY 2014 – 2040

Maintenance – VDOT and Localities $12 Billion

Hampton Roads Transportation Fund $8.4 Billion

Construction $4.4 Billion

Source: VDOT 3

48% 34%

18%

Attachment 21-D

ORIGINAL Forecast: $24.8 Billion

(Received December 2013)

FY 2014 - 2040 FY 2016 - 2040

Maintenance – VDOT and Localities $12 Billion $12 Billion

Hampton Roads Transportation Fund $8.4 Billion $8 Billion

Construction $4.4 Billion $4.2 Billion

Source: VDOT 4

Attachment 21-D

ORIGINAL Forecast: $24.8 Billion

(Received December 2013)

FY 2014 - 2040 FY 2016 - 2040

Maintenance – VDOT and Localities $12 Billion $12 Billion

Hampton Roads Transportation Fund $8.4 Billion $8 Billion

Construction $4.4 Billion $4.2 Billion

Source: VDOT 5

REVISED Forecast: $21 Billion

(Received October 30, 2015)

FY 2016 - 2040 Difference

$12 Billion* NONE

$6 Billion - $2 Billion

$3 Billion - $1.2 Billion

*Includes State of Good Repair Funds

Attachment 21-D

• LRTP Subcommittee Meeting – THURSDAY, NOVEMBER 12th at 9:30am •Revise working Draft Fiscally-Constrained List of Projects November

•Continue working on Draft Fiscally-Constrained List of Projects •Anticipate HRTAC Financing Plan for Regional Priority Projects December

•Present Draft Fiscally-Constrained List of Projects to TTAC •Present Draft Fiscally-Constrained List of Projects to HRTPO Board January

•Advisory Committee Review of Draft Fiscally-Constrained List of Projects •Public Review of Draft Fiscally-Constrained List of Projects

January - March

•HRTPO Board Final Approval of Fiscally-Constrained List of Projects March

•Board Approved and Adopted 2040 LRTP Spring 2016

6

Attachment 21-D