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Draft FY 2020 Wake Transit Work Plan
Bret Martin, MPO Staff
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At its January 22, 2019, regular meeting, the Wake County Transit Planning Advisory Committee (TPAC) released a draft FY 2020 Wake Transit Work Plan to be reviewable for agency and public review and comment from February 1, 2019 through March 3, 2019 (a 30-day public and agency comment period). This draft is attached. Following the March 3rd public comment period deadline, the TPAC is scheduled to finalize a recommended FY 2020 Wake Transit Work Plan at its April 23rd 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.
For the draft FY 2020 Wake Transit Work Plan currently under public review, all of the aforementioned elements are included in the draft with the exception of the budget ordinances and the annual capital and operating funding agreements, which will be developed over the coming couple of months to be included in the TPAC’s final recommended Work Plan. High-level details of the FY 2020 Wake Transit Work Plan will be presented to the Executive Board at its February 20th meeting.
Requested Action: Action Receive as information