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Consideration of the revised Recommended FY 2025 Wake Transit Work Plan and associated Project Groupings and Deliverables
Ben Howell, CAMPO Staff
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The TCC considered and recommended approval of the Recommended FY 2025 Wake Transit Work Plan at the meeting on June 6th, and the Executive Board approved the Recommended Work Plan at their meeting on June 12th. The GoTriangle Board of Trustees considered the Recommended Work Plan at their meeting on June 17th, but did not approve the Work Plan, instead sending it back to CAMPO for consideration of an interim budget while the Wake Transit Conference Committee considered the Significant Concern relating to the amount of Vehicle Rental Tax revenue to be included in the FY 2025 Wake Transit Work Plan. The Wake Transit Conference Committee met on July 8th and voted to revise the Recommended FY 2025 Wake Transit Work Plan to include $2.528 Million of Vehicle Rental Tax revenue in the Work Plan, while deferring any decision on inclusion of Vehicle Rental Tax revenue in future years' Work Plans to allow the lead agencies to go through mediation.
CAMPO staff will provide an overview of the changes to the Recommended FY 2025 Wake Transit Work Plan, which consist of the following:
* Reducing the amount of Vehicle Rental Tax revenue from $5.056 Million to $2.258 Million
* Increasing the amount of capital fund balance transfer from $10.3 Million to $12.86 Million
* Increasing CAMPO Project TO002-AY (Transit Plan Administration - Administrative Expenses) by $25,000 (from $47,230 to $67,230) for mediation costs for the Wake Transit Conference Committee
* Increasing GoTriangle Project TO002-C (Transit Plan Administration - Contracted Services) by $25,000 (from $28,285 to $53,285) for mediation costs for the Wake Transit Conference Committee
The TPAC considered the revised Recommended FY 2025 Wake Transit Work Plan at its meeting on July 18th, and unanimously recommended approval. The TPAC recommendation was broke...
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