2045 MTP Fiscally Constrained Projects and Map
The 2045 MTP is required to be a financially feasible document. The projects approved for inclusion in the MTP must demonstrate that the expected year of expenditure project cost will not exceed the anticipated revenue available between 2018 and 2045.
The 2025 horizon year consists primarily of projects fully or partially funded in the draft 2018-2027 Transportation Improvement Program. The 2035 and 2045 horizon years are programmed based on how well projects score using CRTPO’s Roadway Ranking Methodology.
Process to Develop the Fiscally Constrained Project List for the 2045 MTP
Based on the approved ranking methodology and revenue assumptions, all candidate projects were scored and cost estimates were produced. A draft fiscally-constrained project list was developed with the assistance of the Roadway Ranking Review Committee by prioritizing projects based upon their two-tiered MTP score and cost estimates relative to the amount of funding available within each STI tier. The list covers the MTP’s three horizon years: 2025; 2035; 2045.
Financial Assumptions and Fiscal Constraint
An important component of the project list’s preparation is that Federal regulations require that MTPs be financially constrained. This means that it must be demonstrated that the proposed investments are reasonable in the context of anticipated future revenues over the life of the plan.
A public comment period was held in August 2017 regarding the recommended fiscally constrained project list for the 2045 MTP. A total of 257 comments were received through e-mails and from the online interactive map regarding projects proposed for inclusion in the 2045 MTP’s fiscally constrained project list.