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NVTA approves CMAQ/RSTP allocation adjustments after federal cuts; finance briefing details reserves and revenue outlook
Summary
The Authority approved proposed FY26-30 CMAQ and RSTP allocation adjustments to reflect federal funding reductions and heard a finance committee briefing from CFO Michael Longhi outlining balance-sheet adjustments, investment performance, reserves and credit capacity.
Members of the Northern Virginia Transportation Authority approved staff-recommended adjustments to FY26-30 CMAQ and Regional Surface Transportation Program (RSTP) allocations after staff said the federal government reduced the budgeted amounts. Staff (Alyssa Beyer) said jurisdictions and VDOT were consulted and reductions were distributed proportionately to minimize adverse impacts on ongoing projects; the proposal will be transmitted to the Commonwealth Transportation Board for final…
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