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Funding Large Projects in Ohio's Small and Medium Sized Metropolitan Planning Organizations

File Language:
English


Details

  • Creators:
    Rushley, Elizabeth B.
  • Subject/TRT Terms:
  • DOI:
  • Resource Type:
    Proceedings
  • Geographical Coverage:
  • Corporate Publisher:
    Ohio. Department of Transportation
  • Abstract:
    This abstract addresses how the state of Ohio assists the smaller MPO areas in funding larger transportation projects. The amount of funds and corresponding obligation ceiling available to an individual smaller in a particular year make the funding of a large transportation project (>$1,000,000) virtually impossible. The intent of this paper is to describe the options the Ohio Department of Transportation and the Ohio MPOs employ in assisting the smaller areas in funding a larger project. These options would be useable by any other Department of Transportation or MPO. The Ohio Department of Transportation (ODOT) suballocates STP funds to all sixteen MPO areas. The allocation formula for an area with less than 200,000 population is based on a per capita amount derived from the distribution formula in TEA-21 for the over 200,000 MPOs. ODOT also distributes obligation limits based upon the same percentage as the state's ceiling. In large MPO areas, the amount of funds available allow the agencies to fund a number of projects in any given year. However, a smaller area received an average of $435,000 each year and can commit roughly $400,000 to fund projects. ODOT and the MPOs have developed several options to assist these areas in funding larger transportation projects while allowing the Transportation Improvement Program to remain fiscally constrained. These options include State Infrastructure Bank loans, borrowing/using funds and obligation limits allocated to other MPO areas.
  • Format:
    PDF
  • Collection(s):
  • Main Document Checksum:
    urn:sha-512:8e33910fd8ef79031f1d0b84dd8c1c38b86be90686ccbea1633062cc386bb0b38487a5bf6de24128ce76197593e551bc302f1492745df03b5a1a3ae55a5ff1b0
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  • File Type:
    Filetype[PDF - 248.89 KB ]
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