Budget and financing

A roadmap for transportation spending

The Six-Year Improvement Program allocates funds for transportation projects that are proposed for construction, development or study in the next six fiscal years. The program is updated annually.

VDOT’s Revised Annual Budget for Fiscal Year 2022

The Revised Fiscal Year 2022 budget for the Virginia Department of Transportation identifies the estimated revenues and the distribution of the revenues to the related transportation programs. 

It is based on the interim state revenue forecast from February 2021, estimated federal funding, and the addition of actual FY 2021 revenues in excess of the budget pursuant to § 33.2-1527 of the Code of Virginia. 

The Revised VDOT Budget for FY 2022 totals $7,573,496,312, a 4.8% increase over the FY 2022 VDOT Budget of $7,228,887,690 and an 8.3% increase from the FY 2021 Budget of $6,992,613,613.

Related files

The breakdown

  • $387.4 million – Debt service
  • $2.2 billion – Road maintenance and operations (includes city and county street payments)
  • $665.7 million – Support to other agencies, tolls, administration and other programs
  • $216.4 million – Public Transportation and Rail
  • $3.3 billion – Construction
  • $752.8 million – Funding dedicated to Northern Virginia, Hampton Roads and Central Virginia Regions for local and regional transportation projects

  • $7.6 billion – Total VDOT annual budget

VDOT’s budget history

Note: All files are in Adobe's Portable Document Format (PDF).

Annual Budget, Fiscal Year 2022 (July 1, 2021 - June 30, 2022)

Annual Budget, Fiscal Year 2021 (July 1, 2020 - June 30, 2021)

Annual Budget, Fiscal Year 2020 (July 1, 2019 - June 30, 2020)

Annual Budget, Fiscal Year 2019 (July 1, 2018 - June 30, 2019)

Revised Annual Budget, Fiscal Year 2018 (July 1, 2017 - June 30, 2018)

Annual Budget, Fiscal Year 2018 (July 1, 2017 - June 30, 2018)

Annual Budget, Fiscal Year 2017 (July 1, 2016 - June 30, 2017)

Annual Budget, Fiscal Year 2016 (July 1, 2015 - June 30, 2016)

Revised Annual Budget, Fiscal Year 2015 (July 1, 2014 - June 30, 2015)

Annual Budget, Fiscal Year 2015 (July 1, 2014 - June 30, 2015)

Revised Annual Budget, Fiscal Year 2014 (July 1, 2013 - June 30, 2014)

Annual Budget, Fiscal Year 2014 (July 1, 2013 - June 30, 2014)

Annual Budget, Fiscal Year 2013 (July 1, 2012 - June 30, 2013)

Annual Budget, Fiscal Year 2012 (July 1, 2011 - June 30, 2012)

Annual Budget, Fiscal Year 2011 (July 1, 2010 - June 30, 2011)

Revised Annual Budget, Fiscal Year 2010 (July 1, 2009 - June 30, 2010)

Annual Budget, Fiscal Year 2010 (July 1, 2009 - June 30, 2010)

Revised Annual Budget, Fiscal Year 2009 (July 1, 2008 - June 30, 2009)

Annual Budget, Fiscal Year 2009 (July 1, 2008 - June 30, 2009)

Annual Budget, Fiscal Year 2008 (July 1, 2007 - June 30, 2008)

Annual Budget, Fiscal Year 2007 (July 1, 2006 - June 30, 2007)

Financial plans

Both state and federal code require financial plans for certain transportation projects. 

A financial plan is a comprehensive document that reflects the project’s scope, schedule, cost estimate, and funding structure to provide reasonable assurance that there will be sufficient funding available to implement and complete the entire project, or a fundable phase of the project, as planned. The financial plan consists of an initial financial plan and annual updates.

Requirements

  • Section §33.2-368 of the Code of Virginia requires a financial plan for transportation construction projects with an estimated total cost greater than $100 million. 
  • In addition, 23 U.S.C. 106(h) and (i) of the Surface Transportation Act, Moving Ahead for Progress in the 21st Century (MAP-21), requires a financial plan for federal-aid projects over $100 million.  
  • For projects exceeding $500 million, which are classified as major projects, the financial plan has additional requirements.

If you have any questions about the financial plans, contact Laura Farmer at 804-786-3096 or laura.farmer@vdot.virginia.gov.

 

Project District Responsible party Financial plan Annual update
Coalfields Expressway (P3) Bristol VDOT PDF PDF
US Route 460 (Corridor Q) Poplar Creek Phase B Bristol VDOT PDF PDF
Fredericksburg Extension of the I-95 HOV/HOT Lanes Project Fredericksburg 95 Express Lanes/VDOT PDF PDF
Rappahannock River Crossing NB I-95 CN Lanes Fredericksburg VDOT PDF PDF
Rappahannock River Crossing SB I-95 CN Lanes Fredericksburg VDOT PDF PDF
I-264/Witchduck Road Interchange and Ramp (C-D Road) Hampton Roads VDOT PDF PDF
I64 and I-464 Interchange Exit 291 Improvements Hampton Roads VDOT PDF  
I-64 Hampton Roads Bridge Tunnel Expansion Project Hampton Roads VDOT PDF PDF
I-64 Hampton Roads Express Lanes (HREL) Segment 1A Hampton Roads VDOT PDF  
I-64 Hampton Roads Express Lanes (HREL) Segment 4A/4B Hampton Roads VDOT PDF

 

I-64 Hampton Roads Express Lanes (HREL) Segment 4C Hampton Roads VDOT PDF

PDF

I-64 Southside Widening and High-Rise
Bridge Phase 1
Hampton Roads VDOT PDF PDF
Intermodal Connector Hampton Roads Eastern Federal Lands PDF PDF
Interstate 64 - Segment 3 Hampton Roads VDOT PDF PDF
Laskin Road Improvements Hampton Roads VDOT PDF PDF
495 NEXT Northern Virginia VDOT PDF PDF
Fairfax County Parkway - Southern Segment Northern Virginia Northern Virginia PDF  
Fairfax County Parkway Widening - Northern Segment Northern Virginia Northern Virginia PDF  
I-66 East Widening Inside the Beltway Northern Virginia VDOT PDF PDF
Northstar Boulevard Northern Virginia Loudon County PDF PDF
Prince William Parkway Interchange - Balls Ford Road Northern Virginia Prince William County PDF PDF
Route 7 Corridor Improvements Northern Virginia VDOT PDF PDF
Transform 66 (P3) - Redacted Northern Virginia I-66 Express Mobility Partners-VDOT PDF PDF
I64 Gap Widening Richmond VDOT PDF  
I-81 Widening MM 136.6 to MM 141.8 Salem VDOT PDF PDF
I-81 Widening  MM 137 to MM 144 TIFIA Salem VDOT PDF  
 I-81 Widening MM 143 to MM 150 Salem VDOT PDF  
I-81 Widening MM 221.45 to MM 225.6 Salem VDOT PDF PDF
Route 58 (P3) Salem VDOT PDF PDF

 

 

Expenditures

Visit the Commonwealth Data Point website for a breakdown of VDOT's expenditures.

The quarterly reports below include expenditures by city or county by type, expenditures by program category and federal billing by appropriation category and code.

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

 2008

 

 

Powhite Parkway Extension Toll Road

Related links

Last updated: March 19, 2024

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