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CVTA officials tell Hanover supervisors regional tax revenues are funding road and transit projects across nine jurisdictions
Summary
Sean Davis and CVTA Executive Director Chet Parsons updated the Hanover Board on the Central Virginia Transportation Authority's 2024 impact report, describing local shares of regional sales and fuels taxes, major projects funded (I‑64 GAP, Short Pump interchange work, Fall Line Trail sections through Hanover), and plans for a possible bond issuance and next round of regional funding.
Sean Davis, chair of the Central Virginia Transportation Authority and a Hanover supervisor, told the Board of Supervisors on Dec. 11 that CVTA's work is delivering local transportation projects the region had been waiting on. "The Central Virginia Transportation Authority was formed by an act of our legislator, the General Assembly," Davis said, and emphasized that CVTA funding is intended to stay in the nine‑jurisdiction region.
Chet Parsons, CVTA executive director, gave the board a slide‑supported update on allocations and project progress. Parsons said the authority collects two revenue streams established in 2020: a 0.7% regional sales and use…
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