Sustainable Funding, System Preservation by Fiscal Year
Current Value
58.2%
Definition
Story Behind the Curve
Developing
transportation projects typically takes many years and involves critical steps
including environmental permitting and right of way acquisition. As a result,
transportation funding, particularly for a relatively small area such as
Chittenden County, can vary considerably from year to year and should be
evaluated over a multi-year period to accurately reflect trends. In federal
FY2014 transportation spending in Chittenden County was 35 percent less than
the previous year due to delay of some large bridge and paving projects. CCRPC
originally programmed 57 percent of the transportation funds to system
preservation, but several projects, including culvert repair on I-89 and two
state highway paving projects, were delayed. When considering a multi-year
trend 63.6 percent of transportation spending has been on system preservation
over the past five years.
Why Is This Important?
Maintaining our
existing transportation system is a critically important task and a top
sustainable transportation priority. The ECOS Plan estimates that 64% of
anticipated future transportation funds, on average, will need to go to system
preservation in order to sustain its integrity and protect public safety. This
annual calculation will be tracked to assure adequate system maintenance
investment (while realizing there may be year to year fluctuations).