VDOT's Budget

The Virginia Department of Transportation's (VDOT) annual budget for Fiscal Year 2018 is $5.4 billion, representing a one percent increase from the Fiscal Year 2017 budget. 

The increase from the previous year is due to a large increase in project participation contributions from the regional entities and localities, offsetting a significant reduction in state revenue and lower use of bond proceeds.

Without the increased project contributions, the Fiscal Year 2018 budget would have been $315 million less, or a four percent reduction from the Fiscal Year 2017 budget.  

The annual budget is based on the most recent official state revenue forecast from December 2016 and estimated federal funding.

Funds that will be provided for highway maintenance and operations represent 35 percent of the total budget, followed by nearly 31 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.

The breakdown:

$356 million – Debt service

$2.13 billion – Road maintenance and operations (includes city and county street payments)

$548.6 million – Support to other agencies, tolls, administration and other programs

$1.87 billion – Construction

$492.5 million – Funding dedicated to Northern Virginia and Hampton Roads regions for local and regional transportation projects

$5.41 billion – Total VDOT annual budget

 

 

Page last modified: Aug. 8, 2017