Local Government Funding and Financing of Roads in Virginia

Abstract

Several Virginia localities have used local funding and financing sources to complete major street improvement projects when state or federal funding was not available. Many other localities have combined local funding sources with state or federal funds or both to accelerate a project of importance to the locality. In addition to lessons learned, this research documented through case studies what local governments have been able to accomplish under Virginia statutes that enabled various types of funding and financing tools in addition to the lessons learned. As cities, counties, and towns in Virginia increasingly fund and administer their own roadway projects because of scarce state funds, the experience of Virginia localities becomes more and more transferrable to localities in other states.