Funding

Funding

• During the next 20 years, there is a $20 billion dollar need for transportation projects in West Virginia.
  
  
• $16,493,000,000 in today’s dollars.
  
  
• Adjusted for inflation, the real cost will be approximately $20 billion.
  
  
• West Virginia faces a $1.4 billion backlog over the next 20 years in funding needed repairs and improvements to the state’s Interstate highways.
  
  
• $2.7 billion is needed and WVDOT has only $1.3 billion available.
  
  
• In 1982, West Virginia was ranked first of the fifty states in the percentage of annual appropriations from the General Revenue Fund. At present, the West Virginia State Road Fund receives no appropriations from the General Revenue Fund; the last annual appropriation from the General Revenue Fund occurred in 1983.
  
  
• Since peaking in FY 1994, the real value of the State Road Fund has decreased over the last decade.
  
  
• The net result of changes to the State Road Fund, in real dollars, has been a decrease of $76.7 million (13 percent) in State Road Fund revenue since FY 1994.
  
  
• Adjusted for inflation, annual construction expenditures have grown $124 million (34 percent) and maintenance expenditures have increased by $100 million (46 percent) since FY 1988.
  
  
• Beginning in the 1990’s, WVDOH was required to begin transferring funds out of the State Road Fund to other agencies, (i.e. PEIA, Tax Department, and Public Safety) to pay for various “highway related” activities.
  
  
• Since they began, more than $97 million has been transferred to other agencies, of which $74 million has gone to the Department of Public Safety.

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