Master Transportation Plan Finance and Fiscal Forecast
Table 22: City of Charlotte Transportation Funding Sources Funding Source Average 5 Years ($M) 2025–2029 Definition PAYGO $0.94
A capital funding method where projects are financed directly from current revenues rather than borrowed funds, typically for smaller-scale projects. Long-term debt issued by the city and backed by property tax revenues, requiring voter approval. Used for large transportation projects.
Go Bonds
$102.30
Source: City of Charlotte, Proposed FY2025 budget, 16 page 331 to 389; AECOM
Figure 5. City of Charlotte Average Sources of Funds (2025 to 2029)
2%
1%
PAYGO Go Bonds Other Source
97%
Source: City of Charlotte, Proposed FY2025 budget, 17 18 page 331 to 389; AECOM
Furthermore, Table 24 outlines Charlotte’s key transportation funding sources, categorized as local, regional, state, or federal. These sources include Powell Bill funds for maintenance, North Carolina Department of Transportation (NCDOT) funding, and federal transit grants. It also reflects the city’s use of financial tools such as GO Bonds, COs, the Transportation Capacity Fee, special districts, and developer contributions to finance transportation operations, capital projects, and strategic mobility initiatives.
16 https://www.charlottenc.gov/files/sharedassets/city/v/3/city - government/departments/documents/budget/fy2025/ proposed-fy-25-budget.pdf 17 https://www.charlottenc.gov/files/sharedassets/city/v/3/city - government/departments/documents/budget/fy2025/ proposed-fy-25-budget.pdf 18 The other source is mostly a project named Complete the Cross Charlotte Trail.
www.MovingaMillion.org | transportation@fortworthtexas.gov page 25
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