Miami-Dade 2040 LRTP - Oct. 23, 2014

Chapter Overview Putting our Infrastructure to work requires financial resources to build new transportation facilities and to operate and maintain both the existing and future facilities. A detailed financial analysis was performed to estimate the available revenues projected to be available to Miami-Dade County through 2040. The forecasted revenues are based on recent federal and state legislation, current policies, population growth, motor fuel consumption, tax rates, vehicle miles traveled, and motor vehicle registrations. The principal federal, state, and local funding programs that support transportation investments in Miami-Dade County are identified and forecasted through 2040 and include: Federal funding programs for both highways and public transportation Florida Department of Transportation (FDOT) funding programs and revenue estimates Fuel tax revenues and road impact fees Local agency revenues, including Miami-Dade Expressway Authority (MDX), Miami-Dade Transit (MDT), and the South Florida Regional Transportation Authority (SFRTA) Potential new local/regional funding sources CHAPTER SUBSECTIONS Chapter Overview Financial Methodology Cost Estimates Available Revenue Potential Revenue Sources Public Private Partnerships Options and Trends EYES ON THE FUTURE | 5-1 “Putting Our Infrastructure to Work” Financial