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Item 1: Ordinance on Transplan and Metro Plan Amendments
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Item 1: Ordinance on Transplan and Metro Plan Amendments
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10/19/2009
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ATTACHMENT J <br /> <br />From: YEITER Kurt M <br />Sent: Thursday, April 30, 2009 12:54 PM <br />To: CARROLL Phillip (SMTP); MILLS Jeffery (SMTP); LAWLESS John (SMTP); HLEDIK Randy (SMTP); <br />BEIERLE Heidi (SMTP); KNEELAND Ann (SMTP); DUNCAN Rick (SMTP) <br />Cc: CABANISS Jan E; WEISS Carolyn J; GARDNER Lisa A; INERFELD Rob; BROTHERTON Kathryn (Harrang) <br /> <br />Subject: RE: May 5 hearing: "Financially Constrained" list <br /> <br />Phillip, <br /> <br />In answer to your question about the term “Financially Constrained,” I’ll provide a short answer and, for <br />those who want more info, a longer answer. I appreciate questions that make us think about terms we <br />use in a daily, off-handed fashion. <br /> <br />Shorter answer: The term “Financially Constrained” is one of several categories, or lists, required of <br />projects by federal transportation planning rules. Financially Constrained project lists identify those <br />portions of the full lists of identified needs in the long-range plan that can be funded with reasonably <br />expected revenues over the plan horizon, which is typically 20 years. Thus, "financially constrained" <br />simply means planning for that portion of the total need constrained to the reasonably expected <br />financial resources. Projects on the “Financially Constrained” list typically represent a higher local or <br />regional priority than those on the “Future” list, assuming that some funding would be available for <br />those projects. <br /> <br />Longer Answer (with thanks to LCOG staff): <br />"Financially constrained" is a federal term, in this case a requirement of Metropolitan Planning <br />Organizations (MPOs) in the development of federally-required Regional Transportation Plans (RTPs) <br />and Metropolitan Transportation Improvement Programs (MTIPs). Specifically, related to the RTP, it <br />arises from this requirement: <br /> <br />"Include [in the RTP] a financial plan that demonstrates the consistency of proposed transportation <br />investments with already available and projected sources of revenue. The financial plan shall compare <br />the estimated revenue from existing and proposed funding sources that can reasonably be expected to <br />be available for transportation uses, and the estimated costs of constructing, maintaining and operating <br />the total (existing plus planned) transportation system over the period of the plan. The estimated <br />revenue by existing revenue source (local, State, and Federal and private) available for transportation <br />projects shall be determined and any shortfalls identified. Proposed new revenues and/or revenue <br />sources to cover shortfalls shall be identified, including strategies for ensuring their availability for <br />proposed investments. Existing and proposed revenues shall cover all forecasted capital, operating, and <br />maintenance costs. All cost and revenue projections shall be based on the data reflecting the existing <br />situation and historical trends. For nonattainment and maintenance areas, the financial plan shall <br />address the specific financial strategies required to ensure the implementation of projects and programs <br />to reach air quality compliance." <br /> <br />You may have noticed that the federal RTP uses the term “Illustrative List” for the same project list that <br />TransPlan calls the “Future” list. As explained by LCOG staff: “The switch from "Future" to "Illustrative" <br />is one of both reflecting a change in the predominant federal language, and for clarity. Back in the <br />1990s, RTP project list(s) reflecting the portion of the need that was beyond the Financially Constrained <br />list(s) was generally referred to as the "Future" project list(s). This was supposed to confer the concept <br />
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