VDOT's Budget
The Virginia Department of Transportation's (VDOT) annual budget for Fiscal Year 2012 is $4.76 billion, representing a 43 percent increase from the previous year.
It is based on the most recent official state revenue forecast from December 2010 and estimated federal funding.
VDOT’s revenues are provided by dedicated state and federal revenue sources.
The VDOT budget includes the proceeds and related allocations of the VDOT’s portion of the bonds planned to be issued in Fiscal Year 2012 related to Gov. McDonnell’s Omnibus Transportation Funding Bill.
The bond proceeds are the main driver for the increase over the Fiscal Year 2011 budget.
The planned bond proceeds are from the second of three planned $600 million CPR issues and $48.6 million received from the premium from the previous sales. It also includes the proceeds of $623 million from direct GARVEEs, the first issue supporting the $1.1 billion of direct GARVEEs anticipated over three years.
The bond proceeds will support projects identified in the Six-Year Improvement Program.
Funds that will be provided for construction represent 47 percent of the total budget, followed by 37 percent for highway maintenance and operations.
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:
$321.7 million - Debt service
$1.779 billion - Road maintenance (includes city and county street payments)
$413.9 million - Support to other agencies, tolls, administration and other programs
$1.537 billion - Special financing and earmarks
$711.9 million - Highway systems construction
$4.76 billion - total VDOT annual budget
PDFs 
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