UDOT Program Update
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The document discusses transportation funding in Northern Utah, focusing on the Transportation Investment Fund (TIF) and projected revenue growth. It outlines existing and future funding levels for various programs, highlighting significant anticipated increases from $420 million in FY 2012 to $700 million by FY 2018. Additionally, it mentions the 2012 Transportation Commission's capacity program, which includes 23 projects totaling over $680 million.
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UDOT Program Update
- 1. Northern Utah January 23, 2013 Cory Pope, P.E. UDOT Program Development
- 3. • MAP 21 and the Federal Program • Transportation Investment Fund (TIF) • Projected Future
- 4. • Consolidated Programs – Flexibility • Maintained Existing Funding Levels • 2 Years – FY13/FY14 • Significant General Fund transfers and Leveraged Future Revenues
- 7. Transportation Investment Fund (TIF) • 8.3% of Sales Tax (2005) • ½ of auto related sales tax • SB 229 (2011) • Added 30% of sales tax growth • Other Misc.
- 8. TIF - Revenues • FY 2012 ~ $420 Million • Projected: FY 2014 ~ $ 530 Million FY 2016 ~ $ 612 Million FY 2018 ~ $ 700 Million
- 10. 2012 Transportation Commission Capacity Program • 23 Projects • $ 680M +