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Dive into the complexities of transit capital funding, analyzing trends, revenue sources, and impacts on operators. Explore potential solutions and navigate the marketplace dynamics. Stay informed for strategic decision-making. Learn how reduced state matches affect local budgets and project sustainability.
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Transit Capital Funding Issues Jennifer Mitchell NVTC Commission Meeting July 10, 2014
Impacts on Local Operators • Reduced state match will cause local shares to increase significantly • Tradeoffs: fill gap with other revenue sources or make extensive service cuts • Potential difficulty in matching Federal funds • Deferral or cancellation of many capital projects • Increase in need for debt financing for major projects • Deferred capital needs can lead to higher O&M costs, shorter asset lifecycles, and lower reliability