Budgeting and Appropriations | Annual budget; fiscal year begins July 1. The governor outlines priorities in an annual recommended budget, which must be approved by the General Assembly. |
Bonding or Pay-as-You-Go | Combination of bonding and pay-as-you-go financing |
State-Level Funding Provided for DOT Budgets | FY 2011 (approved): $485.9 million |
Allocation of Federal Transportation Funds to the DOT | Federal transportation funds are allocated through state legislative approval of DelDOT's Capital Transportation Plan and operating budget. |
Allocation of State Transportation Funds to the DOT | State transportation funds are allocated through state legislative approval of DelDOT's Capital Transportation Plan and operating budget. |
Traditional State Funding and Finance for Highways | Fuel taxes; vehicle registration/license/title fees; tolls; interest income; general obligation bonds; revenue bonds. |
State Funding and Finance for Other Modes | Transit, rail and bridges: Funded by the same revenue sources as highways through the Transportation Trust Fund. |
Innovative Transportation Funding and Finance | GARVEE bonds (authorized by Vol. 77 Del. Laws, Chap. 223); Build America Bonds; state infrastructure bank (federally capitalized); PPPs (authorized in statute with legislative approval requirements); design-build (authorized in statute); traffic camera fees. |
Dedicated/Restricted State Funds and Revenues | The state's multimodal Transportation Trust Fund is fed primarily by tolls, motor fuel taxes, DMV fees and fare revenues. State statute requires certain revenues to go solely to this fund. The transfer of motor fuel tax revenues or motor carrier registration fees to the general fund is prohibited (Del. Code Ann. tit. 2, §1415 and §1416). The state Community Transportation Fund is set aside for legislators to allocate to transportation-related projects in their districts. |
DOT Authorized to Retain Surplus Funds | Yes. DelDOT can rollover any excess funds to the next fiscal year with approval of the Capital Transportation Plan (CTP). |
Legislative Approval Required to Move Funds Between Projects | Yes, through a mini-bond bill session. Once changes are approved by the Bond Bill Committee, they go to the full legislative body for approval. |
Transportation Funding Allocations through Local Aid | The General Assembly appropriates funds to local governmental entities. DelDOT also allocates certain funds by formula. Municipal Street Aid is allocated to municipalities by a statutory formula based on population and road mileage (Del. Code Ann. tit. 30, §§5161 et seq.). |