Title
Sub-Allocation of American Rescue Plan Act Transit Formula Funds
Bret Martin, MPO Staff
Body
In March of 2021, a total of $32,723,559 in transit formula funding was made available for use in the Raleigh Urbanized Area (UZA) by the Federal Transit Administration (FTA) through the American Rescue Plan (ARP) Act. This funding was made available for use by eligible federal formula transit grant recipients to aid in their recovery from revenue and cost impacts associated with the COVID-19 pandemic and is in addition to prior funding made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA). The eligible recipients for this funding in the Raleigh UZA are the City of Raleigh, Town of Cary, GoTriangle, and Wake County.
While the prior CARES Act and CRRSAA formula apportionments to the Raleigh UZA were distributed among the UZA's eligible recipients using the same percentage shares they each receive from the distribution of regular annual Section 5307 apportionments, the City of Raleigh (as the designated recipient of federal formula transit grants to the Raleigh UZA) and CAMPO (which must concur with the distribution of formula grant funding) proposed to use a portion of the funds to support the continued suspension of fares across transit services provided in the region through FY 2022. The eligible recipients of the funding concurred with this proposal, agreed to suspend fare collection through FY 22, and propose to use a portion of the total $32,723,559 apportionment to backfill budget shortfalls that would manifest by removing an assumption of fare revenues from their respective FY 2022 budgets. The total funding made available to the eligible recipients for this purpose totals $723,094, and the breakdown of those funds among the eligible recipients follows:
Agency
FY 22 Budgeted/Projected Fare Revenues
City of Raleigh
$0 (Using prior CARES Act apporti...
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