File #: REP 21 -807    Version: 1 Name:
Type: Informational Report Status: Filed
File created: 2/18/2021 In control: Executive Board
On agenda: 3/17/2021 Final action: 3/17/2021
Title: FY 2022 Draft Wake Transit Work Plan and Associated Concerns Bret Martin, MPO Staff
Indexes: budget, Transit, wake transit
Attachments: 1. Staff Report, 2. Attachment 1 - FY 22 Draft Wake Transit Work Plan - Public Review Draft

Title

FY 2022 Draft Wake Transit Work Plan and Associated Concerns

Bret Martin, MPO Staff

 

Body

At its February 17, 2021, regular meeting, the Wake County Transit Planning Advisory Committee (TPAC) released an FY 2022 Draft Wake Transit Work Plan to be available for public review and comment through March 21, 2021 (a minimum 30-day public and agency comment period). Following the March 21st public comment period deadline, the TPAC is scheduled to finalize a recommended FY 2022 Wake Transit Work Plan at its April 21st meeting for consideration by both CAMPO and the GoTriangle Board of Trustees in May or June. Annual Wake Transit Work Plans contain a number of elements that work to authorize and institutionalize Wake County Transit Plan implementation investment decisions, including:

 

1)                     Annual operating and capital budgets and corresponding ordinances;

2)                     Annual updates to a 10-year multi-year operating program for future operating expenditures;

3)                     Annual updates to a 10-year capital improvement plan for future capital expenditures;

4)                     Annual updates to the transit plan’s supporting financial plan and model assumptions; and

5)                     Capital and operating funding agreements that support and are supported by the annual budgets.

 

From late 2019 through early 2021, an update to the original Wake County Transit Plan was developed that extends the financially constrained horizon of the plan an additional three (3) years through 2030. This FY 2022 Draft Wake Transit Work Plan is the first annual Work Plan to reflect the programming of investments through the extended horizon (FYs 2022-2030). High-level details of the FY 2022 Draft Wake Transit Work Plan will be presented to the Executive Board at its March 17th regular meeting. Staff will also explain some concerns with the impact a variety of funding requests submitted to be considered for inclusion in the Work Plan are having on the overall delivery of the Wake County Transit Plan and will prompt the Executive Board to provide some high-level feedback. The FY 2022 Draft Wake Transit Work Plan document is provided as Attachment 1 to this item.

 

Requested Action: Action Receive as information.