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.
For FY 2021, Cost Share Program funds of $37.8 million have been committed for 17 projects with local partners committing approximately $25.6 million. For every $1 of Cost Share Program funds awarded, 68 cents of local cash were leveraged. This includes the Route 61 widening and signalization project in the City of Sikeston and the East Locust Creek Reservoir project in Sullivan County. These projects 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 MHTC approved nine of the original projects for the reduced funding. On Jan. 8, 2021, the MHTC approved funding the remaining originally awarded projects with $25 million of State Road Fund made available as a result of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). This included the reinstatement of two previously awarded Governor's Transportation Cost Share Program projects that were subsequently awarded MoDOT Cost Share Program funds when the Governor's Transportation Cost Share Program awards were reduced. The leveraging for both programs was adjusted to reflect the revised awards. For every $1 of Governor's Transportation Cost Share Program funds, 83 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.