Write Up:

The Cost-Share Program builds partnerships with local entities to pool efforts and resources to deliver state highway and bridge projects. When local entities are willing to partner with MoDOT, the department matches their investment up to 50% of the project cost. MoDOT works in cooperation with the Missouri Department of Economic Development and local entities to determine when targeted investments can be made to generate economic development and may provide up to 100% of the project cost.

For FY 2024, Cost-Share Program funds of $1.9 million have been committed to four projects. For every $1 of Cost-Share Program funds awarded, 48 cents of local cash were leveraged. This includes the City of Bowling Green's Route 54 and Industrial Park Intersection project that demonstrated economic development and allowed for funding greater than 50% of the total project costs from the Cost-Share Program. In addition, the City of Liberty's Route 291 Blue Jay Traffic Signal and Sidewalk Improvements project funded with sub-allocated federal funding, reduced the city's cash contribution. These projects result in local cash leveraged below the target of $1.  

The Missouri General Assembly appropriated $50 million for MoDOT to work cooperatively with the Missouri Department of Economic Development to create the Governor's Transportation Cost-Share Program and build partnerships with local entities to deliver road and bridge projects. In FY 2021, 20 projects were awarded funds. For every $1 of Governor's Transportation Cost-Share Program funds awarded, 82 cents of local cash were leveraged.

The Missouri General Assembly appropriated an additional $75 million for the Governor's Transportation Cost-Share Program. In FY 2023, 28 projects were awarded funds. For every $1 of Governor's Transportation Cost-Share Program funds, 91 cents of local cash were leveraged.               

Purpose of the Measure: 

This measure tracks local entity cash leveraged from the Cost Share Program. 

Measurement and Data Collection:

Data for this measure is collected from a partnership database.

The target for this measure was set by management directive.