Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
SEPTEMBER 18, 2019
Subject
SUBJECT: FEDERAL AND STATE FUNDING OPPORTUNITIES AND STRATEGIES
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE report on funding opportunities and strategies.
Issue
ISSUE
The Measure M expenditure plan recognized that Metro must secure federal and state funding to leverage the revenues generated through Measure M and implement the priority projects approved by the voters in 2016. Concurrent with the passage of Measure M, important funding opportunities at the federal level, through the passage of the Fixing America's Surface Transportation (FAST) Act of 2015, and the state level, through the passage of the Road Repair and Accountability Act of 2017 (Senate Bill 1 or SB-1) have provided Metro with opportunities to secure vital funding to deliver these priority projects.
To maximize Metro's ability to secure as much federal and state funding as possible, staff implemented the Evaluative Criteria Framework in 2017 as the set of guiding principles to support decisions on project evaluation and selection for the various funding programs, each with its own set of evaluative criteria to consider. Thanks to the Board's support of this method of selecting projects for both competitive and formula grant funding programs, Metro staff secured over $2.4 billion in federal and state funding awards between 2018 and 2019.
Metro staff anticipates additional cycles of funding to be made available through various on-going federal and state funding programs in Fiscal Year 2020 (FY 20). To build upon the success of the last two years, staff will continue to use the Evaluative Criteria Framework to guide staff recommendations for submitting funding applications to these grant programs. This report provides information and an overview of anticipated schedules for federal and state grant funding opportunities expected to be available in FY 20.
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