Transportation for Communities - Advancing Projects Through Partnerships
- User Portals
- Applications
Transportation Phases
- Long Range Transportation Planning
- Integrated Programming and Fiscal Constraint
- Corridor Planning
- Environmental Review Merged with Permitting
Check out the Understanding the Decision Guide page
PRO-1
Approve Revenue Sources
Description: This key decision establishes the revenue basis for both the fiscal constraint of the long range plan as well as the funding sources for the TIP. Using the same revenue projections for the long range plan and the TIP ensures financial consistency between the plan and program. Funding may require legislative approvals: for example, bonding or tolling authority.
There is information developed in Long Range Planning key decisions that informs this step. In order to effectively execute this key decision there is essential information created at LRP-1 related to potential funding partners and resources that can inform this decision.
Purpose
• To identify reasonably foreseeable revenue resources to support project programming.
• To identify specific funding restrictions and requirements and establish MOU/MOA between funding partners were appropriate.
Outcome
A document that summarizes available revenue that can be used to fund individual projects. This document can be made available to the public, stakeholders, and partners.
Partner Roles | ||
|---|---|---|
FHWA |
Advisor |
Ensures revenue sources identified are reasonable and appropriate |
MPO |
Decision Maker |
Approves revenue sources that are reasonable and equitable |
Resource Agency |
Observer |
Observe the identification of revenue sources. |
State DOT |
Advisor |
Provides support for appropriate inclusion of state and federal revenue sources |
Process |
Integration Type |
Integration Description |
|---|---|---|
| Land Use and Smart Growth | None. | None. |
| Air Quality Conformity | None. | None. |
| Natural Environment and the IEF | Data Between IEF Step 1 - Build & Strengthen Collaborative Partnerships & Vision and PRO-1 | IEF Sub-step 1f is to "Initially explore funding and long-term management options, how conservation and restoration actions can be funded in advance of transportation projects, as well as for long-term management." The data collected here can inform and be informed by the approval of revenue sources at PRO-1. Consider how advance mitigation would be funded. |
| Capital Improvement | None. | None. |
| Safety and Security | None. | None. |
| Human Environment | None. | None. |
| Economic Development | Data | Information about reasonably foreseeable non-transportation infrastructure funding sources. |
| Greenhouse Gas | Data | Identified revenue sources specific to the TIP period that are available to support projects to reduce GHG emissions. |
Linkages to other Phases of Transportation Decision Making | ||
|---|---|---|
Key Decision |
What is Linked? |
Purpose of Linkage |
To Long Range Transportation Planning |
||
LRP-1 - Approve Scope of LRTP Process |
Potential partnerships and revenue sources |
To consider the potential partnerships and potential revenue sources identified during scoping of the LRTP. |
From Corridor Planning Studies |
||
COR-1 - Approve Scope of Corridor Planning Process |
Potential partnerships and revenue sources |
To consider the potential partnerships and potential revenue sources identified during scoping of the corridor plan |
Policy Questions |
|
|---|---|
Questions about purpose and roles |
Does the consideration of specific funding resources require additional sharing of decision making that is not currently in place? For example, with a private partner. |
Is there an identified project in the current program for which private sector funding can be considered? | |
Questions about stakeholders |
Does the MOU specify the conditions of the funding agreement for both public and private partners? |
If a private partner is involved in financing, has a MOU been established? | |
Questions about the transportation process supporting the decision |
Are formal agreements (for example MOA/MOU, contracts, loan agreements, etc.) necessary to ensure funding availability? |
Do any of the funding resources require action outside of the transportation decision making process? | |
Have all reasonably foreseeable funding sources and associated requirements and restrictions been identified? | |
What additional projects or programs could be funded if a P3 is pursued? | |
Questions about other phases |
Does the adopted LRP identify projects for potential P3? |
Questions about non-transportation sectors/processes |
Are any of the projects that reduce GHG emissions expected to generate new sources of revenue (e.g., congestion pricing or parking pricing projects)? |
Are P3 projects expected to generate new sources of revenue or financing (e.g., toll roads, high occupancy toll lanes, etc.)? | |
Are there additional revenue sources specific to the TIP time horizon available to support projects that reduce GHG emissions? | |
Have all potential funding sources for non-transportation infrastructure and economic investment been identified? | |
Have potential funding sources, especially for advance mitigation, been identified as part of ecological planning? | |
How might potential revenues be affected by other conditions? For example, caps on tolls charged by the private sector, unexpected changes in traffic volumes, or availability of future government funding. | |
Is the funding available from non-transportation sources committed and available for the first four years of the program? What would be the estimated revenue from these sources after the first four years? | |
Is the private sector involved in funding any projects? If so, how much funding is available through the public-private partnership? How will the revenue be allocated between the public and private sectors? | |
What would be the estimated financing or revenue available from P3 projects during the TIP period? | |
Questions to Gather Stakeholder Interests |
|---|
None. |
Questions to Incorporate Stakeholder Interests |
|---|
None. |
Case Study Example(s): |
|---|
None. |
Supporting Data for the Key Decision |
|
|
|---|---|---|
From other phases of transportation decision making |
Long Range Planning |
Potential funding partners and resources (LRP-1) | Programming |
Revenue sources that supported the previous LRTP |
Funding available within the current TIP/STIP |
Revenue sources from potential P3 investors |
Corridor Planning |
No Specific Data |
Environmental Review |
No Specific Data |
From other sectors and processes |
Land Use and Smart Growth |
No Specific Data | Air Quality Conformity |
No Specific Data |
Natural Environment and the IEF |
Funding options identified through ecological planning for advance mitigation and long-term management of conservation/restoration/mitigation projects |
Capital Improvement |
No Specific Data |
Safety and Security |
No Specific Data |
Human Environment |
No Specific Data |
Economic Development |
Reasonably foreseeable non-transportation infrastructure funding sources |
Greenhouse Gas |
Budget and revenue information within jurisdictions |
From the transportation technical process supporting this key decision |
Local, state, and federal funding available for consideration | |
Restrictions or requirements related to each funding source | ||
Potential public or private revenue sources to consider | ||
Potential partners that may support/provide funding | ||
Analysis associated with potential revenue from outside sources including taxes and partnerships | ||
Outside agreements that impact resource availability | ||
Information about cost and revenue sharing agreements between project partners | ||
From stakeholder collaboration |
No Specific Data | |
From public private partnership |
No Specific Data | |
The following is a list of data needed to support the key decision. Practitioners collect this information for decision makers to consider. You may add to this list using the comment box at the bottom of the page. Supporting Tools and Technology | |
|---|---|
Category |
Detail |
Gathering |
Financial Planning Tools: Used to gather data on available funding sources, as well as projected future sources. Searchable by MPOs, others, to locate financing opportunities. |
Key Decision Relationship to Other Topics | |||
|---|---|---|---|
| Topic | Description | ||
| Visioning and Transportation |
|
||
| Public-Private Partnerships |
|
||