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Transit Capital Funding Issues

Transit Capital Funding Issues. Jennifer Mitchell NVTC Commission Meeting July 10, 2014. Transit Funding. Transit Capital Needs Ten-Year Trend Analysis. Transportation Capital Projects Revenue (CPR) Bonds. Transit Capital Funding. Marketplace Fairness Act.

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Transit Capital Funding Issues

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  1. Transit Capital Funding Issues Jennifer Mitchell NVTC Commission Meeting July 10, 2014

  2. Transit Funding

  3. Transit Capital NeedsTen-Year Trend Analysis

  4. Transportation Capital Projects Revenue (CPR) Bonds

  5. Transit Capital Funding

  6. Marketplace Fairness Act

  7. Transit Capital Projected Revenues

  8. Transit CapitalProjected State Matching Percentage

  9. Transit CapitalProjected Local Matching Percentage

  10. 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

  11. State Matching Share Levels

  12. Transit Capital Funding

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