Miami-Dade 2040 LRTP - Oct. 23, 2014

5-4 | MOBILITY OPTIONS Funding Sources SIS Highways Construction and Right-of-Way Florida’s Strategic Intermodal System (SIS) was created in 2003 by the Florida Legislature as a network of high priority transportation facilities including airports, spaceports, deepwater seaports, freight and rail terminals, interregional rail and bus terminals, rail corridors, urban fixed guideway transit corridors, waterways, and highways that are critical to Florida’s economic competitiveness and quality of life. The SIS, Florida’s highest statewide priority for transportation capacity movements, focuses on regional, statewide, interstate, and international facilities that move people and freight. The SIS portion of FDOT revenues is programmed by FDOT for their highest priority transportation improvements which are incorporated into the 2040 Plan. The SIS was designated to address trends shaping the state’s economy in conjunction with the transportation system including: The SIS contains three “funding” Plans for projects: TMA Funds TMA Funds are allocated to Transportation Management Areas (TMA), urbanized areas with a population over 200,000. TMA funds are the same as “SU” funds in the 5-Year Work Program and provide a flexible funding source that is coordinated with FDOT District 6. Transportation Alternatives Funds The Transportation Alternatives Program (TAP) authorized under MAP-21 provides funding for transportation alternatives, including on- and off-road pedestrian and bicycle facilities, infrastructure projects for improving non-driver access to public transportation and enhanced mobility, community improvement activities, and environmental mitigation; recreational trail program projects; safe routes to school projects; and projects for planning, designing, or constructing boulevards and other roadways largely in the right-of-way of former Interstate System routes or other divided highways. Transportation Alternative Funds are allocated to TMAs, areas with a population over 200,000, as TALU Funds and Transportation Alternatives allocated to any area in the state are TALT Funds. Projects funded with statewide funds should be identified as “illustrative projects.” TRIP Funds In accordance with the 2040 Revenue Handbook, Transportation Regional Incentive Program or TRIP funds are eligible to fund projects that at a minimum: Meet growing demand for moving people and freight, Link Florida’s economic regions, Enhance Florida’s economic competitiveness, Balance future growth with environmental stewardship, and Make strategic choices given limited resources. First Five Year Plan – projects funded in the Work Program, Year 1, and projects that are programmed for funding in Years 2-5. This plan is updated annually and adopted by the legislature. Second Five Year Plan – projects that are planned to be funded in Years 6-10, beyond the adopted Work Program. This plan is updated annually after the adoption of the Work Program. Cost Feasible Plan – projects considered to be financially feasible for Years 11-25. Projects in this plan may move forward to the Second Five Year Plan as funds become available or backwards into the Needs Plan if revenues are less than projected. This plan is updated as new revenue forecasts become available, typically every 2 to 3 years. Functions as an integrated regional transportation system In compliance with local government comprehensive plan policies relative to corridor management Consistent with the SIS Plan Have a commitment for local, regional, or private financial matching funds TRIP funds may be used to fund up to 50% of project costs. Projects that are partially funded with TRIP funds should be shown as “illustrative projects.” Other Arterial Construction and Right-of-Way The primary purpose of this program is to fund improvements on segments of the State Highway System (SHS) that is not designated as SIS including construction and improvement projects and right-of-way on state roadways not included in the SIS.