Selection and Funding
The adopted Transportation System Plan (TSP) is a primary source for selecting potential projects and defining the project scope. The TSP incorporates more detailed plans that have been developed for specific areas (such as the Downtown Connectivity Plan adopted in 1997 and the Murray-Scholls Town Center Plan completed in 1999).
Most transportation funding sources have specific restrictions on project eligibility. These restrictions influence the selection of specific projects for funding. Tax increment financing (TIF) funds can be used only on eligible projects specifically listed in the County TIF ordinance. MSTIP-3 funds are assigned to specific regional projects as approved by the voters in 1995. Traffic enhancement funds are reserved in Capital Improvements Project (CIP) No. 3223 for neighborhood traffic calming, school safety improvements, and improvements to the Citywide traffic signal system.
The various grant programs each have specific eligibility criteria; in addition, the City must typically compete regionally or statewide for grant funding. In applying for grant funding, the City selects projects that meet the eligibility criteria and which potentially rank high in the established selection criteria of the grant program. Using the project lists in the TSP and the criteria of the various funding programs, projects are selected to most efficiently use the City’s limited transportation funds to meet its transportation needs.
Project No. 3226 provides a source to fund small projects which may not be covered in the TSP. This project provides a way to respond promptly to resolve safety problems or to provide the City’s matching share on small grants that cannot be anticipated at the time of adoption of the CIP. Project No. 3140 provides a source to fund bikeway projects from state fuel revenues.
Transportation improvements are usually not funded from a single source, and are often funded from a combination of sources. Improvements to collector and arterial roadways may be funded in part from Traffic Impact Fees (TIF) paid by new development.
Traffic enhancement projects may be funded from the three-year serial levy approved by City voters in 1996. Projects with regional significance are included in Washington County’s Major Streets Transportation Improvement Program (MSTIP) 3 serial levy, which will be funded from that property tax levy, and Metro’s Metropolitan Transportation Improvement Program (MTIP), which allocates state and federal funding. Safety and capacity improvements may also be funded through the MTIP. All MTIP projects are included in the State Transportation Improvement Program that is subsequently adopted by the Oregon Transportation Commission.
Federal and State grants are also available for safety, capacity, bicycle, and pedestrian improvements. The MTIP and State and federal grants typically require the local agency to pay a part of the cost of the improvement. In Beaverton, the Street Fund (the City’s share of State fuel tax and vehicle registration revenues) usually pays this "matching money." The Street Fund is also the funding source for overlays, bikeway improvements, and most hazard elimination projects.