Funding Models for Public Transit Authorities
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Presentation Transcript
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