WELCOME to the VIRGINIA TRANSIT ASSOCIATION.
|Thank you to VTA’s 2014 Legislative Reception Sponsors:
|VTA Features Best Practices and Programs:
Blacksburg Transit Adds Solar Powered Bus Shelter… Click here!
| Virginia Transit Systems Look Forward to New State Funding
Generated by Passage of HB 2313
HB 2313 provides a new, growing annual revenue source, dedicating a portion of the 0.3% increase in the general sales tax to support transit and intercity rail projects in the Commonwealth (0.125%).
What this means for transit: $65 million in FY14 growing to $84 million by FY18 [($20 million annually IF Congress passes the Market Place Fairness Act by 2015; $300 million for Dulles Rail from road funds (to reduce project cost/tolls)].
What this means for intercity passenger rail: $44 million in FY14 growing to $56 million in FY18; $257 million over 5 years.
|Transit Service Delivery Advisory Committee (TSDAC) Recommends New Formula for Distributing HB 2313 Transit Funds|
The new transit funds will be distributed by a new formula recommended by the Transit Service Delivery Advisory Committee (TSDAC) to the Commonwealth Transportation Board (CTB). The Performance-Based Operating Assistance Allocation Implementation Plan is in the public comment period until October 1. Click here to view. The committee is also discussing recommended changes to the capital allocations process. These changes will be subject to a separate public comment process.
Real estate—residential, commercial or business—that is served by public transportation is valued more highly by the public than similar properties not as well served by transit.
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