Title
Draft FY2024-2033 STIP Update (30 minutes)
Aaron Cain, LPA Staff
Narrative
On April 25, 2022, NCDOT released the first version of the Draft FY2024-2033 State Transportation Improvement Program (STIP). Due to fiscal constraints in the state’s transportation budget, the Draft STIP did not include any new projects from the Prioritization 6 (SPOT 6) process that concluded in July 2021. Instead, the Draft STIP programmed existing projects in a manner that met with NCDOT’s current fiscal situation. This resulted in the removal of many projects from the ten-year Draft STIP.
In July 2022 the North Carolina General Assembly adopted, and the Governor signed, a new state budget that provides an influx of new funding for transportation, thereby providing additional revenue for the STIP. On August 4, 2022, NCDOT released a revised Draft FY2024-2033 STIP that takes this new revenue into account. MPO staff will present information on the revised Draft STIP.
The protocol established by the SPOT Workgroup, and approved by the North Carolina Board of Transportation, for approval of the Draft STIP remains in place. MPOs can request to “swap” STIP projects. This would allow projects to either be moved up within the STIP, or for projects that were not included in the ten-year STIP to be moved into the STIP, provided that other projects of similar cost and tier were removed. The new deadline for submission of STIP swaps is March 17, 2023. MPO staff will work with local staff to determine if any swaps are desired based on the revised Draft STIP.
Several projects are in the Draft FY2024-2033 STIP that are not in the recently adopted DCHC MPO Metropolitan Transportation Plan (MTP). MPO staff will convene a Technical Committee subcommittee in the near future to bring a recommended plan of action to the Board. Further details and options will be provided to the Board in October.
Board Action
TC Action: No action is required at this time; this item is for informational purpos...
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