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2055 MTP/CTP Update
Chris Lukasina, MPO Executive Director
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The development of the 2055 Metropolitan Transportation Plan (2055 MTP/CTP) continues. The Metropolitan Transportation Plan is the region’s long-range transportation plan and includes both a fiscally constrained element as well as an unconstrained vision plan element known as the Comprehensive Transportation Plan (CTP). As such, this plan serves as both the region’s federally recognized MTP and state recognized CTP. This plan is required to be regularly updated, and our region updates the plan every four years. A current development schedule has been included as an attachment. At the June meeting, the Executive Board approved the All Together scenario as the preferred scenario for use in the remaining phases of MTP development. As we begin the fiscal constraint stages of the MTP development, new/additional revenue assumptions will be reviewed to identify an appropriate multimodal investment mix for use of those financial resources the plan will continue. The Executive Board asked staff to begin with a similar investment mix to the 2050 MTP and to bring options or recommendations back for review. Staff will provide an update on the development of the financial plan and initial application of fiscal constraint for the 2055 MTP. Next steps in the 2055 MTP development include:
§ Continued refinement of the Preferred Alternative
§ Continued development of the financial plan
§ Initial application of fiscal constraint
Requested Action: Action Receive as information and provide feedback on additional revenue assumptions.