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WRCOG reports $76 million in TUMF collections last year, reimbursements lag and balances are growing
Summary
WRCOG’s TUMF program report showed $76.3 million collected last fiscal year, $33.4 million reimbursed, an accumulated fund balance, and an emphasis on encouraging agencies to spend allocated project funds; most TUMF revenue comes from residential development.
Cameron Brown, TUMF program manager at WRCOG, briefed the Executive Committee on the Transportation Uniform Mitigation Fee (TUMF) program, reporting collections, reimbursements and program trends since inception.
Since the program began in February 2003, WRCOG has collected nearly $1.3 billion in TUMF fees and reimbursed roughly $1.2 billion to agencies and projects, Brown said. Last fiscal year, the program collected about $76.3 million and reimbursed about $33.4 million; the difference has grown WRCOG’s program balance.
Brown explained collections are driven primarily by residential development (about 86% of last year’s…
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