CVTA officials tell Hanover supervisors regional tax revenues are funding road and transit projects across nine jurisdictions

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 tax and a 0.7¢ per‑gallon fuels tax. He said the CBTA has distributed just under $775 million through its program so far and that the authority's three regional rounds of funding contributed to a pipeline of projects the CVTA expects to support through 2027 and beyond.

Parsons highlighted completed and active projects funded in part by CVTA allocations: the I‑64 GAP widening project in New Kent and James City counties (CVTA contribution of $100 million); a Chesterfield County project extending Woolridge Road to Route 288 (about $37.5 million in CVTA funding); Henrico County's Short Pump interchange suite (about $60 million in regional funds for elements of the project); and regional transit work including a North‑South bus rapid transit line in Richmond. For Hanover specifically, Parsons pointed to Route 1/Ashcake Road signal and pedestrian improvements and intersection work at Route 360 and Walnut Grove Road that are in the regional program.

Davis and Parsons described the CBTA allocation model: half of taxes collected are returned immediately to localities, 15% goes to the Greater Richmond Transit Company (GRTC) for regional transit projects and microtransit, and 35% is set aside for regional priorities selected through the CBTA process. Parsons said the authority has invested in bicycle and pedestrian projects including the Fall Line Trail sections through Hanover and noted the CVTA's use of funds to leverage state/federal dollars and to expedite projects.

Board members thanked CVTA staff and urged continued outreach to local staff and supervisors as project planning moves to engineering and right‑of‑way phases. Parsons said the CVTA expects its next regional funding round in mid‑2025 and is conducting due diligence on a potential bond issuance to accelerate funding for larger regional needs.

The board took no formal vote on the presentation; Parsons and Davis left time for questions and encouraged Hanover staff to apply for regional project funding.