FINANCIAL CONSIDERATIONS
LOCAL REVENUE FORECASTS
Realistic cost estimates, apportioned by funding source, are supplied for each agency. These estimates when compared to revenue forecasts give insight to the DMTIP Coordinating Committee on the financial feasibility of attaining implementation of the DMTIP. Forecasts of anticipated revenues for use in providing an efficient transportation system were developed using multi-year funding information from each local public agency that implements projects. The tables below show the projected funding available for the local match portion of the bridge and surface transportation projects of Delaware County, Muncie, and Yorktown, Indiana in the DMTIP.
| Fund | CUMBR | LRS | Wheel Tax |
|---|---|---|---|
| 2020 | 2,142,400 | 609,205 | 1,072,280 |
| 2021 | 2,178,820 | 621,390 | 1,079,785 |
| 2022 | 2,215,860 | 633,815 | 1,087,345 |
| 2023 | 2,253,530 | 646,490 | 1,094,955 |
| 2024 | 2,291,840 | 659,420 | 1,102,620 |
| Total | $11,082,450 | $ 3,170,320 | $ 5,436,985 |
Delaware County uses its MVH funds, averaging over $4,000,000 per year, for the salaries, operation and maintenance costs for its highway department. The County’s projects in the DMTIP will usually use LRS, Wheel Tax, or Cumulative Bridge funds, which will also be used for local repaving and road/bridge repair costs.
| Fund | LRS | Wheel Tax |
|---|---|---|
| 2020 | 656,955 | 1,212,595 |
| 2021 | 670,095 | 1,221,085 |
| 2022 | 683,495 | 1,229,630 |
| 2023 | 697,165 | 1,238,240 |
| 2024 | 711,110 | 1,246,905 |
| Total | $ 3,418,820 | $ 6,148,455 |
The City of Muncie uses its MVH funds, averaging over $2,500,000 per year, for the salaries, operation and maintenance costs for its highway department. Muncie’s projects in the DMTIP will usually use LRS and/or Wheel Tax funds, which will also be used for repaving and road repair costs.
| Fund | LRS | Wheel Tax |
|---|---|---|
| 2020 | 90,035 | 183,200 |
| 2021 | 91,835 | 184,485 |
| 2022 | 93,675 | 185,775 |
| 2023 | 95,550 | 187,075 |
| 2024 | 97,460 | 188,385 |
| Total | $ 468,555 | $ 929,920 |
The Town of Yorktown uses its MVH funds, averaging about $600,000 per year, for the salaries, operation and maintenance costs for its highway department. The LRS and/or Wheel Tax funds are available for use as local funds matching federal funds toward road and transportation enhancement improvements.