Title
FY2024-2033 Draft STIP Swap (30 minutes)
Kelly Fomenko, 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. Several projects are now also in the Draft FY2024-2033 STIP that are not in the recently adopted DCHC MPO Metropolitan Transportation Plan (MTP).
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. MPO staff has been working with local staff to determine if any swaps are desired based on the revised Draft STIP.
The new deadline for submission of STIP swaps is March 17, 2023. Depending on the updated cost analysis for the proposed U-5774B/U-5304F swap, U-6118 could be swapped into the STIP with regional tier funding as opposed to division tier funds.
The draft STIP swap recommendations were released to the public on February 13, 2023. Public comment was open through March 7, 2023. Comments will be provided at th...
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