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NVTA finance committee reviews budget guidance, plans later PAYGo revenue estimates amid economic uncertainty
Summary
The NVTA finance committee discussed budget guidance for the coming cycle, affirmed distribution practices for the 30% local fund, and said PAYGo revenue estimates will be run later than usual because of economic uncertainty.
The Northern Virginia Transportation Authority finance committee discussed budget guidance and timing Oct. 9 but made no budget decisions.
Committee staff reviewed options for the local distribution (30%) fund and the regional revenue fund. Staff reiterated prior guidance to estimate revenues conservatively and to distribute 30% of revenues to jurisdictions that comply with certification requirements. On the regional operating budget staff…
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