Establishing how much money is expected to be available to support the projects, programs, and actions of the LRTP is an important step. Federal law requires that the LRTP be “fiscally constrained”, so that the cost of recommendations does not exceed available revenues. The companion part is on the cost estimation side, with the understanding that there will be inflation of construction and procurements costs over time. Project cost estimates are required to be adjusted to the year of expenditure. The Financial Plan narrative discusses the methodology used to forecast revenue and inflation.
Click below to view the LRTP Financial Plan.