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FY 2021 Recommended Wake Transit Work Plan
Bret Martin, MPO Staff
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At its April 22, 2020, regular meeting, the Wake County Transit Planning Advisory Committee (TPAC) recommended a fiscal year (FY) 2021 Wake Transit Work Plan to CAMPO and the GoTriangle Board of Trustees for their consideration of approval in June. In preparation for a June consideration of approval, CAMPO staff provided as information an overview of the FY 2021 Recommended Wake Transit Work Plan to the Executive Board at its May 20th regular meeting. The Executive Board also held a public hearing on the FY 21 Work Plan at its May meeting. No public comments were received at the public hearing. A copy of the TPAC-recommended FY 2021 Wake Transit Work Plan is included as Attachment A. The FY 2021 Recommended Wake Transit Work Plan was released for a 30-day public comment period on May 15th that will run through June 14th.
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 2021 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 FY 2021 Draft Wake Transit Work Plan rele...
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