VDOT’s Annual Budget for Fiscal Year 2019
The Virginia Department of Transportation's (VDOT) annual budget for Fiscal Year 2019 is $5.4 billion, representing a 10.5 percent decrease from the Revised Fiscal Year 2018 budget. The reduction is largely related to the one-time concession fee payment related to I-66 Outside the Beltway Project. Excluding this and comparing to the original Fiscal Year 2018 budget results in a one percent decrease.
The annual budget is based on the most recent official state revenue forecast from December 2017 and estimated federal funding.
Funds that will be provided for highway maintenance and operations represent 41 percent of the total budget, followed by nearly 32 percent for highway construction.
Smaller portions of the budget are directed to address the needs and requirements of debt service, support to other agencies, tolls, administration, and other programs.
$390.5 million – Debt service
$2.2 billion – Road maintenance and operations (includes city and county street payments)
$569.5 million – Support to other agencies, tolls, administration and other programs
$1.7 billion – Construction
$471.5 million – Funding dedicated to Northern Virginia and Hampton Roads Regions for local and regional transportation projects
$5.4 billion – Total VDOT annual budget