State and federal dollars leveraged through local funds.
Virginia State Transportation Capital Fund Leveraged FY2010-2014
|Fiscal Year||$ (Millions)|
This measure reports the annual amount of nonlocal dollars that have been utilized for Transportation Division activities. Typically transportation projects have more than one funding source and are a combination of local, regional, state, and federal sources. The dollar amount of state and federal funds leveraged locally in Arlington County is tracked in the Capital Improvement Plan. Arlington is able to leverage these funds through various means including competitive grant programs and through legislative appropriations.
Leveraging local funds to obtain federal and state funding helps the County maximize the impacts of limited local dollars. State and federal dollars are available when projects meet specific requirements and criteria typically through a competitive application process. By utilizing local funds for qualifying projects the County can leverage state and federal funding to accomplish larger projects, or accomplish projects in a shorter time-frame. The more federal and state funds that can be leveraged get the most out of Arlington's local resources. This measure supports the MTP Goal 5: Manage Effectively and Efficiently.
Fiscal Year 2014 had a nearly 100 percent increase over 2013 in the use of Virginia State Capital Funding. Since 2010, the County has leveraged $58.6 million dollars in state and federal funding, an average of $11.7 million per year. State and federal funding received by Arlington has been increasing, with peaks in 2012 and 2014 of over $18 million.
- FY2015-FY2024 Proposed Capital Improvement Plan, Arlington County Board Work-session - Transportation (6/18/14).