1998 Session

Budget Amendments - SB30 (Committee Approved)

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Mass transit TTF formula change

Item 534 #10s

Item 534 #10s

First Year - FY1999 Second Year - FY2000
Rail and Public Transportation, Department of FY1999 $131,932 FY2000 $1,879,239 NGF

Page 312, line 1, strike "$105,171,300" and insert "$105,303,232".
Page 312, line 1, strike "$108,423,600" and insert "$110,302,839".

(This amendment incorporates the budget changes for DRPT's mass transit assistance program which are neccesary to implement SB 562. This bill increases from 8.4% to 14.5% the share of Transportation Trust Fund revenue dedicated for mass transit, and eliminates the fixed dollar appropriation previously provided. The 14.5% TTF share includes the cost of operating DRPT. The effect of SB 562 on mass transit assistance is revenue neutral for FY 1999, and provides about $1.9 million in additional funding for FY 2000. The provisions of SB 562 would allow funding for mass transit to grow over time, as overall TTF revenues grow.)