Funding and Finance

Budgeting and Appropriations	Biennial enactment of one 24-month budget; fiscal year begins July 1.
Bonding or Pay-as-You-Go	The state uses pay-as-you-go financing and does not have state bonding authority.
State-Level Funding Provided for DOT Budgets	FY 2011 (approved): $284 million FY 2010: $331 million FY 2009: $404 million FY 2008: $360 million
Allocation of Federal Transportation Funds to the DOT	Federal transportation funds flow directly to WYDOT from the U.S. DOT with no state legislative involvement.
Allocation of State Transportation Funds to the DOT	Highway user tax and fee revenues flow directly to WYDOT with no state legislative involvement. The Legislature may also make appropriations for transportation each biennium.
Traditional State Funding and Finance for Highways	Fuel taxes; vehicle registration/license/title fees; truck weight fees; general funds; interest income; state-distributed mineral royalties and mineral severance taxes.
State Funding and Finance for Other Modes	Transit: General funds; interest income; state-distributed mineral royalties and mineral severance taxes. Rail: None. Aviation: General fund appropriations; state-distributed mineral royalties and mineral severance taxes. Bridges: Funded by the same sources as highways.
Innovative Transportation Funding and Finance	State infrastructure bank (federally capitalized); design-build (authorized in statute); container fees; advance construction.
Dedicated/Restricted State Funds and Revenues	The state constitution restricts use of proceeds from state or local taxes or other charges on registration, operation or use of vehicles on public highways or on vehicle fuels to the costs of administering such laws; statutory refunds and adjustments; payment of highway obligations; costs for construction, reconstruction, maintenance and repair of public highways, county roads, bridges, and streets, alleys and bridges in cities and towns; and expense of enforcing state traffic laws (Wyo. Const. §97-15-016). State statute directs WYDOT to fund the public mass transit account with a portion of unrestricted state highway funds (Wyo. Stat. §24-15-102). General fund appropriations must be used for the specific purposes set by the Legislature.
DOT Authorized to Retain Surplus Funds	Yes. WYDOT is authorized to retain excess funds except in the case of legislatively appropriated general funds not spent or obligated by the end of each biennium.
Legislative Approval Required to Move Funds Between Projects	No legislative approval required.
Transportation Funding Allocations through Local Aid	The Legislature has appropriated funds for city, county and industrial road improvements, airport improvements, rural transit and the purchase of certain pavement materials. WYDOT and the Transportation Commission have earmarked funds for urban, local and county projects. State statutes specify amounts to be provided by WYDOT each biennium for the Industrial Road Program (Wyo. Stat. §24-5-118) and public transit program (Wyo. Stat. §24-15-102).