Commission on Innovative Finance

The charge of the Commission on Innovative Finance is to provide a set of recommendations regarding viable innovative finance strategies to advance the regions' transportation needs, including all modes as well as the necessary connections with our land use, economic, environmental and quality of life needs. Initiated with a workshop in June 2007, the Summary Report covers the activities of the Commission participants and a Presentation Slideshow provides an overview of the effort. Also, an FHWA commissioned paper for Peer Workshops on Integrating Innovative Finance into transportation planning may be helpful in understanding the process of the Commission's work.

Blue Ribbon Commission Letter from the CCMPO Board of Directors (12 Jan 2009) Innovative Finance Phasing Recommendations & Implementation Matrix (7 Jan 2009) Report to the CCMPO Board of Directors (Final Draft ~ 11 Nov 2008) Meeting Notes ~ 4 Nov 2008 Meeting Notes ~ 7 Oct 2008 Meeting Notes ~ 13 Aug 2008

Innovative Finance Commission Meeting Notes Flexible Standards & Project Delivery Work Group Meeting Notes ~ 9 Oct 2008 Meeting Notes ~ 25 Sep 2008 Meeting Notes ~ 11 Sep 2008 Funding Options Work Group Meeting Notes ~ 23 Oct 2008 Meeting Notes ~ 7 Oct 2008 Meeting Notes ~ 16 Sep 2008 Meeting Notes ~ 9 Sep 2008 Meeting Notes ~ 26 Aug 2008 Meeting Notes ~ 31 Mar 2008 Intergovernmental Roles & Relationships Work Group Meeting Notes ~ 17 Sep 2008 Meeting Notes ~ 10 Sep 2008 Meeting Notes ~ 21 Aug 2008

Outlined below is the subcommittee working group structure and their relevant documents. If you have any further questions, or feel there are any missing pieces to this resource let us know.

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Funding Options Work Group

The charge of this group is to Identify methods and opportunities for increasing the type and amount of methods available in Chittenden County and Vermont for funding needed transportation improvements across all modes.

Citigroup Innovative Finance Presentation ~ Vermont Legislature: House Transportation Committee ~ Dec 2007 Overview of Innovative Transportation Finance Options (RSG White Paper) ~ Oct 2007 AASHTO Planning Committee ~ Peer Exchange Series on State & Metropolitan Transportation Planning Issues FHWA Tolling ~ Current Toll Road Activity in the U.S.: A Survey and Analysis AASHTO at TRB Annual Meeting ~ Session 222: Long-Term Funding Options USDOT - FHWA Innovative Finance Primer

Flexible Standards & Project Delivery Work Group

The charge of this group is to re-examine Vermont’s current standards for transportation project design, engineering, and construction to identify options for applying them in proportion to the nature and needs
of different types of projects. Further, examine Vermont’s laws, regulations and policies to enable the use of expeditious mechanisms for transportation project delivery, such as public-private partnerships and design-build contracts

NY State DOT ~ Commissioner Presentation ~ Jun 2008 Ways To Get More For Your Money In Transportation Construction ~ Recommendations from Associated General Contractors of Vermont To The House & Senate Transportation Committees of the Vermont Legislature Flexible Standards in Transportation Project Development (RSG White Paper) ~ Oct 2007 Innovations in Transportation Project Delivery Methods (RSG White Paper) ~ Oct 2007 FHWA Public Private Partnerships FHWA Public Private Partnerships ~ Extract from the Nat'l Finance Summit

Intergovernmental Roles & Relationships Work Group

Assess the appropriateness of current roles & relationships of the state, regional entities & municipalities in the planning, delivery & management of transportation projects. They also pursue promising avenues for redefining roles & responsibilities to make multimodal transportation network development and management more efficient and cost-effective.

Selected RMA/RTA Approaches in the U.S. ~ Sep 2008 Overview of Intergovernmental Arrangements for Transportation Finance (RSG White Paper) ~ Oct 2007

 

Further Innovative Finance Resources

Vermont:

• Snelling Center for Government
• Vermont Legislative Joint Fiscal Office ~ Transportation Documents

National:

• National Surface Transportation Infrastructure Financing Commission
• U.S. Chamber Foundation ~ Future Highway & Public Transportation Financing
• National Cooperative Highway Research Program ~ Future Financing Options to Meet Highway and Transit Needs
• AASHTO ~ Future Needs of the U.S. Surface Transportation System
• Cambridge Systematics ~ Options in Addressing the Looming Transportation Funding Crisis
• Jack Basso Presentation ~ Transportation Funding Summit
• National Surface Transportation Policy & Revenue Commission
• Rockefeller Institute Policy Forum ~ Transportation in the 21st Century: Where New York Is Going

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For further information, contact Michele Boomhower at 802.660.4071 x15.