Financial Plan Preparation

Federal planning regulations require that a metropolitan long range transportation plan  be “financially constrained”.  The plan must be fiscally realistic, balancing all proposed new project investments and system maintenance and operating costs with reasonable revenue expectations, as agreed upon by the MPO and its implementation agency partners in the metropolitan planning process.

The 2010 CLRP includes a financial analysis that demonstrates that the forecast revenues reasonably expected to be available are equal to the estimated costs of expanding and adequately maintaining and operating the highway and transit system in the region through 2040. The forecasts were prepared by the transportation implementing agencies and jurisdictions, with technical integration and documentation provided by consultants.  

As shown in the revenue and expenditure forecasts, the forecast revenues for the TPB jurisdictions shown in Table 1 match the forecast expenditures or costs shown in Table 2.  Thus, 2010 CLRP is financially constrained.