Title
Wake County Transit Financial Plan and Interlocal Governance Agreement
Bret Martin, MPO Staff
Body
The Wake County Transit Financial Plan (WTFP) was released by Wake County in December 2015 and includes fixed guideway and expanded bus service elements derived from a yearlong planning process. The plan was developed to guide future regional bus and fixed guideway investments that may result from the creation of a regional revenue source and to prepare for a possible county transit sales tax referendum in November 2016. The WTFP is the primary document supporting this effort. A vision for bus service expansion and fixed guideway options included in the WTFP has been refined based on public and agency input. Preliminary revenue projections and cost estimates have been developed and are also included in the WTFP.
The Wake County Transit Advisory Committee, a group of elected and appointed officials and transit stakeholders, and the Wake County Transit Technical Coordinating Team (TCT), established to help guide the development of the WTFP, met several times throughout 2015 and endorsed recommendations that include the development of bus rapid transit (BRT) corridors, a regional commuter rail transit (CRT) project by 2027, and up to three times more hours of fixed-route bus service.
An interlocal agreement (ILA) to establish governance over the WTFP, its associated implementation, and the collection and distribution of the possible revenue sources that may be created as a result of a referendum was drafted by Wake County (with input from CAMPO and GoTriangle staff, the CAMPO TCC, and agencies represented on the TCT) and released for public review and comment April 18, 2016. The public draft of the ILA is included as an attachment. The public comment period for the WTFP and ILA is scheduled to run through May 18, 2016, to coincide with a scheduled joint public hearing before the CAMPO Executive Board and GoTriangle Board of Trustees and the CAMPO Executive Board’s subsequent consideration of approval of the WTFP and ILA the same day (May 18, 2016). Public comments received in response to the WTFP and ILA through the public hearing date will be shared with the Executive Board in advance of its consideration of these items. Please contact MPO staff with any questions, comments or other items related to the WTFP and draft ILA.
Following is a tentative schedule, including anticipated dates for WTFP and ILA consideration:
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Tentative WTFP and ILA Schedule |
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CAMPO Public Comment Period |
April 18, 2016 - May 18, 2016 |
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Joint CAMPO/GoTriangle Public Hearing |
May 18, 2016 |
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CAMPO Executive Board considers WTFP and ILA |
May 18, 2016 |
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GoTriangle Board of Trustees considers WTFP and ILA |
May 25, 2016 |
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Wake County Board of Commissioners considers WTFP and ILA |
June 2016 |
Requested Action: Action Recommend the Executive Board consider approval of the Wake County Transit Financial Plan and Interlocal Governance Agreement and authorize the CAMPO Executive Director to sign the Agreement.