Budgeting and Appropriations | Annual budget; fiscal year begins October 1. The Council reviews the proposed transportation budget that is formally submitted by the mayor as part of the annual budget formulation, then submits it to Congress. |
Bonding or Pay-as-You-Go | Combination of bonding and pay-as-you-go financing. |
District Funding Provided for DOT Budgets | FY 2011 (approved): $649 million FY 2010: $570 million FY 2009: $557 million FY 2008: $535 million |
Allocation of Federal Transportation Funds to the DOT | Federal transportation funds flow directly to DDOT from the U.S. DOT with no Council involvement. |
Allocation of State Transportation Funds to the DOT | District transportation funds flow directly from the revenue source to DDOT or are allocated by Council appropriation at the program/category or project-specific level. |
Traditional State Funding and Finance for Highways | Fuel taxes; general funds; interest income; master equipment lease/short-term borrowing; rights-of- way revenue; public space revenue; parking meter revenues; general obligation bonds. |
State Funding and Finance for Other Modes | Transit: General funds; general obligation bonds; parking meter revenues. |
Innovative Transportation Funding and Finance | GARVEE bonds; PPPs (used for at least one street maintenance project); design-build (used as a component of at least one transit project). As of late 2010, the District was planning to issue $100 million in GARVEE bonds for a transportation project. |
Dedicated/Restricted State Funds and Revenues | Fuel tax receipts are deposited into the Highway Trust Fund; excess funds from the Highway Trust Fund and other dedicated revenues flow into the Transportation Unified Fund, use of which is generally restricted by statute to multimodal transportation purposes. A certain amount from the Unified Fund, however, also is transferred annually to the general fund (D.C Code Ann. §9-111.01 and §50-921.11). |
DOT Authorized to Retain Surplus Funds | Yes. Excess funds can be held by DDOT and, as part of the budgeting process, a prospective is presented to the various approval entities-including Congress-to reflect the prior budget year, current year and subsequent five years of the fund's use and balance projections. |
Legislative Approval Required to Move Funds Between Projects | Yes. DDOT must follow the District's budget reprogramming laws to move funds between projects. |
Transportation Funding Allocations through Local Aid | N/A |