220 likes | 231 Views
Explore the various funding models used by public transit authorities, including federal funds, state funds, local funds, and sales taxes. Understand the challenges and opportunities presented by different funding sources.
E N D
Module 2 – Lesson 2 Funding Models for Public R Transit Authorities Funding Models for Public Transit Authorities Paul Larrousse
Multiple Funding Sources • Federal Funds primarily from the Federal Transit Administration but also from Federal Highway Administration • State Funds • Local Funds
Bay Area Rapid Transit • Sales tax and property tax
Golden Gate Bridge, Highway, and Transportation District • 50% of bus and ferry expenses from surplus bridge tolls
SamTrans • 0.5% sales tax • Also administers Caltrain
Colorado Regional Transportation District • Sales tax of 0.6% increased to 1% for FasTracks construction • 3% discount for timely payment of sales tax revenue
Illinois • Citilink • Voter approval of tax
Indiana • CityBus • Taxing district that is larger than service area and includes suburban areas in Tippecanoe County
Massachusetts • Worchester Regional Transit Authority • Commonwealth provides large share of operating expense • Cities served pay assessment • Except MBTA, all operators and maintainers must be private employees
Michigan • Capital Area Transportation Authority • Combined with MSU system, which funds services • Renewable millage
Nebraska • Metro Area Transit • Tax levy on all tangible and real personal property in the City of Omaha • Service contracts outside of Omaha and cannot use Omaha levy
New York • Capital District Transportation Authority • Gross receipts tax on oil and gas companies levied by NYS • Mortgage recording fee
North Carolina • Charlotte Area Transit System • Sales tax
Ohio • Southwest Ohio Regional Transit Authority • 3/10 of 1% of earnings tax collected by City of Cincinnati on everyone who lives and works in the city
Oregon • Lane Transit District • .0064% ($6.40 per $1,000) of wage paid by an employer and the net earnings from self-employment
Cherriots – Salem-Keizer Transit • Property tax levy approved by voters
Texas • Capital Metropolitan Transportation Authority • 1% sales tax
Dallas Area Rapid Transit • 1% sales tax
Metropolitan Transit Authority of Harris County, Texas • 1% sales tax • Has major role for arterial streets and freeways
Washington • Spokane Transit Authority • Sales tax
Funding • Multiple funding sources exist • Funding can be unpredictable based on the economy • Renewal can be both a carrot and a stick