Miami-Dade 2040 LRTP - Oct. 23, 2014

C-4 | MOBILITY OPTIONS 3 noitatropsnarT fo tnemtrapeD adirolF Table 1 Forecast of Revenues 2040 Revenue Forecast (Millions of Dollars) Major Revenue Sources Time Period 2014-15 1 2016-20 1 2021-25 2026-30 2031-40 27-Year Total 2 2014-2040 Federal 5,113 9,542 9,687 9,719 19,328 53,389 31% 27% 26% 24% 22% 25% State 9,711 22,243 25,084 27,616 60,776 145,430 59% 64% 67% 69% 70% 67% Turnpike 1,680 3,044 2,745 2,931 6,610 17,011 10% 9% 7% 7% 8% 8% Total 2 16,505 34,829 37,516 40,266 86,715 215,830 1 Based on the FDOT Tentative Work Program for 2014 through 2018. 2 Columns and rows sometimes do not equal the totals due to rounding. Estimates for State Programs Long range revenue forecasts assist in determining which needed transportation improvements are financially feasible and in identifying funding priorities. As directed by FDOT policy, the Department places primary emphasis on safety and preservation by first providing adequate funding in the Revenue Forecast to meet established goals and objectives in these important areas. Remaining funding has been planned for new or expanded statewide, metropolitan/ regional, and local facilities and services (i.e., capacity programs). As Florida moves toward the middle of the 21st Century, safety and preservation continue to be emphasized. The 2040 Revenue Forecast includes the program funding levels contained in the July 1, 2013 Adopted Work Program for 2014 through 2018. The forecast of funding levels for FDOT programs for 2019-2040 was developed based on the Program and Resource Plan (PRP) for fiscal years 2013-2022. The remainder of this Appendix provides forecast information for “Capacity,” “Non-Capacity,” and “Other” state programs. The information is consistent with “Financial Guidelines for MPO Long Range Plans” adopted by the Metropolitan Planning Organization Advisory Council in January 2013. Capacity Programs Capacity programs include each major FDOT program that expands the capacity of existing transportation systems (e.g., highways, transit). Table 2 includes a brief description of each major capacity program and the linkage to the program categories used in the PRP.