Information Systems Director
Phone: (573) 751-1345
Phone: (573) 751-1345
Financial Services Administrator
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, MoDOT 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.
On Jan. 8, 2014, the Missouri Highways and Transportation Commission suspended the Cost Share Program due to declining transportation funding. On Jan. 4, 2017, the MHTC reactivated the Cost Share Program for fiscal year 2018.
As of the second quarter of FY 2021, Cost Share Program funds of $34.5 million have been committed for 11 projects with local partners committing approximately $25 million. For every $1 of Cost Share Program funds awarded, 72 cents of local cash was leveraged. This includes the East Locust Creek Reservoir project in Sullivan County and Route 63 intersection improvements in the City of West Plains that demonstrated economic development and allowed for funding greater than 50% of the project costs from the Cost Share Program, resulting in local cash leveraged below the target of $1.
In addition, the Missouri General Assembly appropriated $50 million of General Revenue funds to 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 public road and bridge projects. Initially, the Governor's Transportation Cost Share Program funds of $50 million were approved for 20 projects. Due to budget constraints, the General Revenue funding was reduced to $25 million. On July 8, 2020, the Missouri Highways and Transportation Commission approved nine of the original projects for the reduced funding. The leveraging was adjusted to reflect the revised awards. For every $1 of Governor's Transportation Cost Share Program funds, 74 cents of local cash was 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.