Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
NOVEMBER 18, 2015
Subject/Action
SUBJECT: 2016 STATE TRANSPORTATION IMPROVEMENT PROGRAM FUNDING FOR LOS ANGELES COUNTY PROJECTS
ACTION: APPROVE 2016 REGIONAL TRANSPORTATION IMPROVEMENT PROGRAM FOR LOS ANGELES COUNTY
Heading
RECOMMENDATION
Title
APPROVING the 2016 Regional Transportation Improvement Program for Los Angeles County as shown in Attachment A.
Issue
ISSUE
In August 2015, the California Transportation Commission (CTC) adopted the 2016 State Transportation Improvement Program (STIP) Fund Estimate, with significantly lower revenues than previous STIP cycles. The CTC has requested regional agencies to voluntarily reprogram existing STIP projects to later years to conform to the new revenue projections. Staff is proposing to reprogram existing RTIP-funded projects consistent with the 2009 Long Range Transportation Plan.
Discussion
DISCUSSION
Background
The STIP is a five-year capital improvement program of transportation projects on and off the State Highway System, funded with revenues from the State Highway Account and other funding sources. Every two years, the CTC develops and adopts guidelines and a fund estimate for the new STIP cycle. The last STIP was adopted by the CTC in March 2014. The 2016 STIP covers the five-year period from Fiscal Year 2017 (FY2017) through FY2021. In August 2015 the CTC adopted a "zero fund estimate" for the 2016 STIP, which does not provide additional funding for new projects and necessitates the reprogramming of existing STIP projects due to less than previously expected revenues. The 2016 STIP Fund Estimate also decreased the amount of funding available for allocation in FY2016. Based on the 2016 STIP Fund Estimate CTC staff has indicated that approximately half of the remaining unallocated 2014 STIP program by dollar value will need to be reprogrammed to the last two years of the 2016 STIP Cycle (FY2020 and FY2021).
T...
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