Funding Metro – A Critical First Step
Local leaders are set to commit to Metro’s long term state of good repair needs for the first time through the region’s transportation plan, but the plan omits key investments that are critical to solving some of the region’s most critical needs.
This fall the region’s transportation leaders will approve an update the Constrained Long Range Plan (CLRP) financial plan, required by federal law every four years, to ensure the region’s ability to pay for transportation expenditures with reasonably anticipated revenues. During the 2014 update, Metro collaborated with staff from the Transportation Planning Board (TPB), the region’s Metropolitan Planning Organization, and the three state DOTs to identify funding for the system’s long-term operations and maintenance (O&M) and capital needs. The draft plan, which expresses the region’s major transportation priorities, is scheduled to be adopted by the TPB on October 15th.
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