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CBTA: just under $230M in regional tax revenues; Chesterfield has received about $144.5M back
Summary
CBTA Executive Director Chad Parsons told county officials that the authority collected just under $230 million in tax revenues in the last fiscal year, described the 50/15/35 distribution split (local/GRTC/authority), highlighted SmartScale awards that benefited Chesterfield, and said the authority will soon deliberate committing roughly $145 million in regional funds.
Chad Parsons, executive director of the Central Virginia Transportation Authority (CBTA), briefed Chesterfield County officials on CBTA revenues, project leverage and recent SmartScale awards that support local and regional transportation investments.
Parsons said CBTA—created by the General Assembly in 2020—receives two tax streams collected regionally: a sales‑and‑use tax and a fuels tax. He said the authority received "just under $230,000,000" in tax revenues in the last full fiscal year that remain in the nine participating localities for transportation purposes.
Parsons outlined the revenue distribution: roughly 50% of collections return directly to the jurisdictions where they were collected (on a…
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