1 / 25

Transit Funding 101

Transit Funding 101. Exciting. Why Care About Transit Funding?. Management issue? Service levels Wages/benefits Safety Layoffs. Why Care?. Since 2008, 85% of transit systems have had fare increases, service cuts, or layoffs . Local sales tax revenues plummeted Real estate tanked.

abel-herman
Download Presentation

Transit Funding 101

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Transit Funding 101

  2. Exciting

  3. Why Care About Transit Funding? • Management issue? • Service levels • Wages/benefits • Safety • Layoffs

  4. Why Care? • Since 2008, 85% of transit systems have had fare increases, service cuts, or layoffs. • Local sales tax revenues plummeted • Real estate tanked

  5. Federal Funding • Authorization bill (six years) • Sets funding levels, policies

  6. Authorizing Committees • House-- Transportation Committee • Senate—Banking Committee

  7. Authorizing Committees Funding levels: • MAP-21 - FY 2013 - $10.6 billion • MAP-21 - FY 2014 - $10.7 billion

  8. Transit Funding Through the Years

  9. Flat Funding http://thedailyshow.cc.com/videos/46mu9k/shabby-road

  10. Authorizing Committees Funding policies Operating assistance Before 1998: eligible TEA-21: Preventive maintenance (liberal) 200,000 rule (favors Rs in rural areas) Amendment (fuel, economic conditions) failed in 2012

  11. Operating Assistance MAP-21 new rule –flexibility for areas above 200,000, given the following: • Systems that operate 75 or fewer buses in peak service hours, regardless of their population, may flex up to 75% of their formula funds to operating. • Systems that operate a minimum of 76 buses and a maximum of 100 buses in peak service hours may flex an amount not to exceed 50% of their formula funds to operating.

  12. Funding Policies • Transit intensive cities • Higher ridership than typical population • College towns

  13. Funding Policies • 5307 Formula: ridership, vehicle miles • High density states • Growing states

  14. Funding Policies Bus program – • no more earmarks • % was 20%, now less than 10%

  15. Rail Program - Growing State of good repair (modernize fixed guideway, other capital)

  16. Appropriations Committees Authoring levels not guaranteed House and Senate Subcommittees on Transportation, Housing, and Urban development Annual appropriations bills (13) Omnibus more common Continuing resolutions (flat funding)

  17. Executive Branch - FTA Distributes funds to grant recipients following Congressional action

  18. State Funding

  19. Transit Funding 101 Canada

More Related