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CVTA TAC approves VDOT revenue estimates, discusses options for $48M unallocated balance and sets Feb. 27 public hearing
Summary
TAC voted to accept updated VDOT revenue estimates that expand the round‑4 funding scenario, reviewed staff scorecards and allocations, discussed how to deploy roughly $48 million in unallocated funds (options included funding Fulton Yard and Shaco Valley Streets or seeding bond candidates), forwarded options to finance and set a public hearing for Feb. 27.
The Central Virginia Transportation Authority Technical Advisory Committee accepted updated revenue estimates from the Virginia Department of Transportation that staff used to build the Round 4 regional funding scenario, and the committee discussed how to allocate an unprogrammed balance of roughly $48 million.
Chet, a VDOT staff member presenting item 7, said the state’s December revenue estimate letter (from Kim Pryor, VDOT CFO) formed “the foundation of our regional project allocations,” and staff converted those state numbers into the CVTA template to project local allocations through fiscal year 2032. A motion to approve the VDOT estimates…
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