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CVTA provides initial Round 4 scoring and updates regional spend-down plan; available funding far below requests
Summary
Staff told the finance committee the initial Round 4 scoring shows about $465 million in requests versus roughly $109 million available; VDOT revenue updates due in late December could change the baseline before final scoring in January.
Central Virginia Transportation Authority staff presented an initial draft of Round 4 scoring and an update to the regions spend-down plan during the Dec. 10 finance committee meeting, noting a large gap between project requests and available funds.
Mister Parsons walked the committee through the draft scorecard and explained the difference between a…
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