States to Feds
Type of funds which are typically distributed through the states, and then eventually trickle down to transit agencies based on area population, existing transit service, and some other factors.
What is formula funding?
Can be used for vehicle operation and maintenance, maintenance of stations and other facilities, general administration, and purchase of transportation from private operators. Typically 50% match.
What are operating expenses?
Areas with population of between 200,000-1 million.
What are a large urban areas?
Starting in 2016 the FTA began recognizing this as public transportation, allowing formula funds to be used towards these projects.
What is microtransit?
This type of funding accounts for about 17% of transit funding.
What is federal funding?
Can be used for purchase of software, equipment, such as buses, rail lines, and rail stations. Typically 80% match.
What are capital expenses?
Areas with population of between 50,000–200,000.
What are small urban areas?
The percentage of total operating expenses that are made up by passenger fares.
What is farebox recovery ratio?
This type of funding accounts for about 62% of transit funding.
What is local funding?
Funding for areas with population of more than 50,000.
What are 5307 funds?
Areas with population of under 50,000.
What are nonurbanzed areas?
Commonly use ballot measures to gain this type of revenue for transit.
What is sales tax?
This type of funding accounts for about 20% of transit funding.
What is state funding?
Funding for areas with population of under 50,000.
What are 5311 funds?
Areas whose formula funds are based on population, population density, and the number of low-income individuals.
What are small urban and non-urbanized areas? (population under 200,000)
A creative way for agencies to partner with businesses or universities, where what these orgs provide can subsidize transit costs or help agencies offset capital costs.
What are public/private partnerships?
A federally mandated entity responsible for planning initiatives and distributing formula funds to agencies in their district. Typically done by formula.
What is an MPO? (mandated when a region reaches 50,000 population its metro area)
FTA rule that allows agencies to get 50% of a turnkey contract designated as a capital expense.
What is capital cost of contracting?
Areas whose formula funds are based on bus revenue vehicle miles, passenger miles, and operating costs; and fixed guideway revenue miles, route miles, passenger miles, and operating costs (as well as population).
What are major and large urbanized areas? (population over 200,000)
New IIJA program to reduce emissions, and where 35% is up to the state to spend at their discretion, and 65% is suballocated by population.
What is the Carbon Reduction Formula Program?