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FY 2020 Recommended Wake Transit Work Plan
Bret Martin, MPO Staff
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At its April 23, 2019, regular meeting, the Wake County Transit Planning Advisory Committee (TPAC) recommended a FY 2020 Wake Transit Work Plan to CAMPO and the GoTriangle Board of Trustees for their consideration of adoption in June. A draft of the TPAC-recommended FY 2020 Wake Transit Work Plan is provided as Attachment A. 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 (CIP) 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 TPAC-recommended FY 2020 Wake Transit Work Plan, all of the aforementioned elements are included in Attachment A with the exception of the annual capital and operating funding agreements. The TPAC-recommended project agreement structure, including groupings of projects for each agreement and required reporting deliverables for each project type, is provided as Attachment B.
In transitioning from the Draft FY 2020 Wake Transit Work Plan released by the TPAC for public comment in February to the TPAC-recommended FY 2020 Wake Transit Work Plan provided as Attachment A, the TPAC made a number of changes to the work plan based on public comment and further consideration of project needs and associated cost estimates. These changes include:
1) An overall reduction in recurring expenses and refined/updated scope detail for staff resources;
2) Adjustments for the addition of external revenue sources (e.g., federal and state grants);
3) Schedule...
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