VDOT TRANSPORTATION FUNDING UPDATE

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Presentation transcript:

VDOT TRANSPORTATION FUNDING UPDATE City Council December 3, 2008

Recent Updates on Transportation Secretary of Transportation Commissioner of VDOT Chief Financial Officer of VDOT

Summary History and forecast of Urban Construction Funding received by the City of Suffolk from VDOT: FY 2007 $4 Million FY 2008 $2 Million FY 2009 Less than $1 Million (estimated) FY 2010 ? Clearly the state is transitioning into a maintenance only funding source and organization. Unless funding allocations increase significantly, roadway widening and construction projects in the state of Virginia will become extremely rare if they are to be funded by the state.