a new era of transportation improvements€¦ · the update transaction is the authority’s guide...
TRANSCRIPT
A New Era of Transportation Improvements
Monica Backmon, Executive Director
2015 Road Show
The Authority, as a regional body,
is focused on delivering real transportation
solutions and value for Northern Virginia’s
dollars.
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What is the NVTA?
We are the preeminent transportation coordination, funding and planning authority in Northern Virginia
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What is the NVTA?
• Identify regional, congestion reducing, multi-modal projects
• Work regionally to fund transportation projects
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Regional Accomplishments
Long Range Planning with updates of TransAction 2030 and 2040.
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Planning for the Future
“In the 21st century, Northern Virginia will develop and sustain a multimodal transportation system that
supports our economy and quality of life.
It will be fiscally sustainable, promote areas of concentrated growth, manage both demand and
capacity, and employ the best technology, joining rail, roadway, bus, air, water, pedestrian and bicycle
facilities into an interconnected network.”
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The Update
TransAction is the Authority’s guide to Northern Virginia’s transportation linked economic future.
The Authority is committed to:
• A multi-modal, regional approach to planning and coordination.
• Expanding outreach to Northern Virginia’s diverse communities.
• Making the connection between transportation and economic vitality.
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Approved FY 2014 Project List
33 multi-modal projects valued at over $200 million
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To date 78% of the regionally significant projects have been
advanced for funding
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The Two Year Planning Process for FY15-16 Has Begun
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NVTA Awarded First Credit Rating
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Inaugural Bond Sale
In December 2014 NVTA entered the Capital Bond Market for the first time with our Transportation Special Tax Revenue Bonds Series 2014 for nearly $69 million. The Bonds reflected a 2.5 times subscription rate and a low true interest cost of 3.09%.
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Financing the Future without Risk to Localities
• We support the financial policies of local governments.
• Our bonds do not jeopardize AAA bond ratings held by at least 5 out of our 9 jurisdictions.
• Best practices ensure that all projects are funded quickly without limiting future funding capacity.
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In FY2014, the NVTA received $285.6 million in revenues
NVTA Total FY2014 Revenue
Member Locality Additional Retail Sales and
Use Tax Grantors Tax (Regional
Congestion Relief Fee) Transient Occupancy Tax Total
City of Alexandria $ 14,996,328 $ 3,129,852 $ 2,827,753 $ 20,953,933
Arlington County $ 23,312,124 $ 4,313,922 $ 8,371,491 $ 35,997,537
City of Fairfax $ 7,028,117 $ 367,004 $ 205,521 $ 7,600,641
Fairfax County $ 99,716,693 $ 15,696,118 $ 9,507,033 $ 124,919,843
City of Falls Church $ 2,141,292 $ 268,842 $ 75,116 $ 2,485,250
Loudoun County $ 38,262,893 $ 8,551,256 $ 2,014,505 $ 48,828,654
City of Manassas $ 4,617,569 $ 465,593 $ 55,123 $ 5,138,285
City of Manassas Park $ 1,084,249 $ 226,746 $ - $ 1,310,996
Prince William County $ 32,212,081 $ 4,989,612 $ 1,166,332 $ 38,368,026
Total FY 2014 Revenues: $ 223,371,345 $ 38,008,947 $ 24,222,873 $ 285,603,165
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All of the NVTA member jurisdictions met the requirements to receive their 30% local
funding in FY2014 NVTA 30% Funds Distributed to Member Localities
Member Locality Additional Retail Sales and
Use Tax
Grantors Tax
(Regional Congestion Relief
Fee)
Transient Occupancy Tax Total
City of Alexandria $ 4,498,898 $ 938,956 $ 848,326 $ 6,286,180
Arlington County $ 6,993,637 $ 1,294,177 $ 2,511,447 $ 10,799,261
City of Fairfax $ 2,108,435 $ 110,101 $ 61,656 $ 2,280,192
Fairfax County $ 29,915,008 $ 4,708,834 $ 2,852,110 $ 37,475,952
City of Falls Church $ 642,387 $ 80,653 $ 22,535 $ 745,575
Loudoun County $ 11,478,868 $ 2,565,377 $ 604,351 $ 14,648,596
City of Manassas $ 1,385,271 $ 139,678 $ 16,537 $ 1,541,486
City of Manassas Park $ 325,275 $ 68,024 $ 393,299
Prince William County $ 9,663,624 $ 1,496,884 $ 349,900 $ 11,510,408
Total FY 2014 30%
Revenues: $ 67,011,403 $ 11,402,684 $ 7,266,862 $ 85,680,949
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Pay-As-You-Go Projects
NVTA FY2014 “Pay-As-You-Go” Projects
Locality Project Name Funding Amount
Arlington Columbia Pike Multimodal Street Improvements $12,000,000
Blue/Silver Line Mitigation $1,000,000
Crystal City Multimodal Center $1,500,000
Fairfax Route 28 Widening 6 to 8 lanes (SB from the Dulles Toll Road to Route 50)
$20,000,000
Route 28 Widening 6 to 8 lanes (NB from McLearen Road to Dulles Toll Road) $11,100,000
Innovation Center Metrorail Station* $21,000,000
Town of Herndon Herndon Parkway Intersection Improvements at Van Buren St.
$500,000
Herndon Parkway Intersection Improvements at Sterling Road $500,000
Herndon Metrorail Intermodal Access Improvements $1,100,000
Loudoun Widening of Belmont Ridge Road, North of Dulles Greenway
$20,000,000
Route 28 Hot Spot Improvements Loudoun Segment (Sterling Boulevard and
the Dulles Toll Road)* $6,000,000
Transit Buses $880,000
Town of Leesburg Edwards Ferry Road at the Route 15 Leesburg Bypass Grade Separated
Interchange $1,000,000
Prince William Route 1 from Featherstone Road to Marys Way $3,000,000
Alexandria DASH Bus Expansion $3,250,000
Traffic Signal Upgrades/Transit Signal Priority $660,000
Shelters and Real-Time Transit Information for DASH/WMATA $450,000
Potomac Yard Metrorail Station EIS $2,000,000
Falls Church Pedestrian Access to Transit $700,000
Funding for Bus Shelters $200,000
Pedestrian Bridge at Van Buren Street $300,000
Agency
Northern Virginia Transportation Commission (NVTC) Transit Alternatives Analysis Study in the Route 7 Corridor (King Street,
Alexandria to Tysons Corner) $838,000
Potomac & Rappahannock Transportation
Commission (PRTC)
PRTC New Gainesville Service $580,000
Virginia Railway Express (VRE) VRE Gainesville-Haymarket Extension Project Development
$1,500,000
Washington Metropolitan Area Transit Authority
(WMATA)
Traction Power Upgrades on the Orange Line in Virginia $5,000,000
New Buses on Virginia Routes $7,000,000
Total FY2014 “Pay-As -You-Go” Project Amount $122,058,000
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Bond Projects NVTA FY2014 Bond Projects
Locality Project Name Funding Amount
Arlington Boundary Channel Drive Interchange
$4,335,000
Fairfax Innovation Center Metrorail Station* $20,000,000
Loudoun
Route 28 Hot Spot Improvements - Loudoun
Segment (Sterling Boulevard and the Dulles
Toll Road)* $6,400,000
Leesburg Park and Ride $1,000,000
Prince William Route 28 from Linton Hall Road to Fitzwater
Drive $28,000,000
Fairfax Chain Bridge Road Widening/ Improvements
$5,000,000
Agency
Virginia Railway Express (VRE) VRE Lorton Station second platform $7,900,000
Virginia Railway Express (VRE) VRE Alexandria station tunnel and platform
improvements $1,300,000
FY2014 Project Amount (Bond-Funded) $73,935,000
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We are Accountable
In 2014, the Authority submitted a summary report of our finances and activities to the Joint Commission on Transportation Accountability
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The Beginning of Our Six Year Program
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NVTA’s Two-Year Program (FY2015 - FY2016)
A Total of 52 Highway and Mass Transit Projects
Project Type Funding
33 Highway $423,452,810
19 Mass Transit $346,166,000
TOTAL $769,618,810
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FY2015-16 Project Schedule Date Project Activity
October 2014 NVTA approves project selection criteria
January 2015 VDOT releases draft Detailed HB 599 Rating Report
January 2015 “Strawman” Draft using approved project selection criteria and results of draft Detailed HB 599 Rating Report
January 2015 VDOT to Brief NVTA on draft Detailed Rating Report
January, 2015 VDOT releases Final HB 599 Rating Report
January/February 2015
Coordination on Draft Program with JACC, TAC, PCAC
February 2015 NVTA approves Draft NVTA FY2015-16 Program for Public Hearing
March 2015 Hold Public Hearings on Draft NVTA FY2015-16 Program
April 2015 NVTA approves FY2015-16 Program
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FY2015 – FY2016 Revenue Estimates for HB 2313 in Northern VA
Adopted
FY2014
Proposed
FY2015
Projected
FY2016
Sales 232,456,223$ 228,073,196$ 232,756,820$
TOT 24,348,642$ 25,258,011$ 25,632,398$
Grantors 34,676,790$ 36,903,666$ 37,202,478$
Total 291,481,655$ 290,234,874$ 295,591,696$
70% 204,037,159$ 203,164,412$ 206,914,187$
30% 87,444,497$ 87,070,462$ 88,677,509$
FY2015 Revenue Estimates
(Accrual Basis)
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Outreach
ENGAGING THE REGION
From April 2013 to
December 2014, the Authority held over
93 public meetings with approximately
2,890 attendees.
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More Outreach
• FY15-16 Communication Plan
• Listening Sessions
• Interactive Project Maps using Google Maps
• New E-Mail Newsletter
• More Public Engagement Opportunities to Come!
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New Google Interactive Maps
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A New Era Through Regionalism
The Authority brings Northern Virginia
jurisdictions and agencies together to
identify projects and plan transportation
solutions. • We are meeting regional priorities through the HB 599
prioritization process in addition to our own prioritization
standards.
• The law requires, and the focus is on, improvements made
throughout Northern Virginia based on regional benefits and
not just jurisdictional boundaries.
• The Authority has identified the proper mix of highway
and transit projects to represent a true mode
balance.
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The Authority: Working Regionally
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How You Can Get Involved
• For more please visit: www.TheNoVaAuthority.org
• Engage with your local governments (counties,
cities and towns) and attend NVTA public meetings.
• Join our e-mail list:
• Like us on Facebook!
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