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TPO reports $178.6M in FY2024 obligations, LSTBG anomaly tied to swaps with TDOT
Summary
The Knoxville Regional TPO reviewed its Annual Listing of Obligated Projects for fiscal year 2024, reporting $178.6 million in obligations—significantly higher than the $124.5 million programmed—driven by a large local STBG obligation and TDOT swaps.
The Knoxville Regional Transportation Planning Organization Technical Committee on Jan. 14 reviewed the Annual Listing of Obligated Projects for fiscal year 2024 and heard that obligations totaled about $178.6 million across 53 projects and project groupings, exceeding the $124.5 million programmed for the year.
The variation matters because obligations represent funds actually obligated and available to move projects into construction or advanced phases; obligations can therefore differ from what was programmed in a particular TIP year due to prior‑year projects obligating late or…
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