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CVTA finance committee recommends Round Four allocations plan to full authority; approves project agreement and budget hearing advertisement
Summary
At its March 11 meeting, the Central Virginia Transportation Authority Finance Committee recommended the Round Four allocations plan to the full authority, approved a project agreement for a turn‑lane project, and authorized advertisement of the FY27 public comment period (April 9–23) and hearing (April 24).
The Central Virginia Transportation Authority Finance Committee on March 11 recommended the Round Four allocations plan to the full authority and took several related actions, including approving a project agreement for a county turn‑lane project and authorizing the FY27 budget public comment period.
Mr. Carson, presenting the Round Four allocations plan, summarized a multi‑year table that "is a depiction of all of the regional funding that is being provided by the CBTA from 2020 through today," explaining the table shows each project sponsor, the administering party and the fiscal‑year phasing for design, right‑of‑way and construction. He said the plan will serve as a blueprint for roughly the next two years and noted that FY27 balance is “relatively small,” limiting short‑term flexibility.
Committee members asked how projects can be accelerated and staff answered that acceleration typically requires…
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