Fund Allocation Process FDOT, FHWA, FTA, MPO Statewide Meeting TRANSPORTATION

Florida Department of
TRANSPORTATION
Fund Allocation Process
FDOT, FHWA, FTA, MPO
Statewide Meeting
Dan Cashin
April 15, 2015
Today’s Presentation
• General Overview
– Allocation of funds
– Selection of projects
• Details of Fund Allocations
– Mission
– Funding priorities
– Statutory requirements
• Conclusion
Florida Department of Transportation
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Statewide Allocation Process & Framework
• Fund Allocations
– Annual process
– Starts with revenue
– Statutory requirements
• Project selection
– MPO priorities
– Strategic priorities
– Statutory requirements
Florida Department of Transportation
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Statewide Mission & Prevailing Principles
• Mission – Provide a safe statewide
transportation system that ensures the
mobility of people and goods, enhances
economic prosperity, and preserves the
quality of our environment and communities
• Prevailing Principles to be considered in
developing an integrated, balanced statewide
transportation system:
– Preserve existing transportation infrastructure
– Enhance Florida’s economic competitiveness
– Improve travel choices to ensure mobility
Florida Department of Transportation
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Statewide Funding Priorities
• Safety (all programs)
• Preserve our investments – Need Based
– Bridge
– Resurfacing
– Maintenance
• Statutory requirements
– 15% Public Transportation
– Up to $25M annually for Small County Road
Assistance Program, etc.
• Transportation System Capacity
– 75% Strategic Intermodal System (SIS);
– 25% Arterials
Florida Department of Transportation
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Fund Codes
• Help ensure FDOT allocates and
programs resources in accordance with
state and federal law
• 255 Active Fund Codes
• Guidelines for each fund code
– Projects must meet criteria of the fund
– Flexibility is within the fund
Florida Department of Transportation
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Documentary Stamp Tax Revenue
Revenue Estimating Conference forecasts documentary stamp tax revenue and follows section 201.15, F.S. in allocating
to various trust funds. Amount to State Transportation Trust Fund (STTF) is capped at $541.75M per year.
$75M transferred to State Economic Enhancement and Development Trust Fund within Dept. of Economic Opportunity
$ Remaining in STTF
10% to New Starts Transit Program
10% to Small County Outreach Program
Of the remainder
75% to the Strategic Intermodal System
25% to Transportation Regional Incentive Program
First $60M of TRIP to the Florida Rail Enterprise
Remaining TRIP funds to Districts
by statutory formula
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Florida Department of Transportation
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Additional Motor Vehicle Title Fees
• Beginning FY 2014, not more than $200M
additional per year from motor vehicle title
fees.
– $10M for Seaport Investment Program (POED).
– $35M to the Turnpike for projects which
facilitate access to the turnpike system (PKED).
– $10M for the Transportation Disadvantaged
Trust Fund (TDTF).
– $10M for the Small County Outreach Program
(SCED).
– The remaining funds are to be used for
strategic transportation projects (STED).
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Florida Department of Transportation
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Other Allocation Requirements
• Local option fuel tax
– County Incentive Grant Program
– Small County Outreach Program
• Federal Transportation Management Area
funds for areas with population of 200,000
or greater
• Federal urban funds for areas with a
population of 200,000 or less
Florida Department of Transportation
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Other Allocation Requirements
• Federal rural funds for areas with less than
5,000 population
• 15% of certain state revenues are for
public transportation
• Two revenue sources allocated back to
district where collected
– SCETS
– Rental Car Surcharge
Florida Department of Transportation
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Statewide Resource Allocation
Additional
Capacity/Strategic
$2.5B, 23%
Turnpike,
Operating, Local,
etc.
$2.4B, 21%
Specified in Law
$4.2B, 38%
Florida Department of Transportation
Preservation
$1.9B, 18%
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Conclusion
• Program consistent with state & federal laws
• Importance of preserving existing statewide
transportation system
Florida Department of Transportation
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Florida Department of
TRANSPORTATION
Questions?
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