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Agenda - 02-16-2016 - 8-a - Orange County Bus and Rail Investment Plan Annual Report
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Agenda - 02-16-2016 - 8-a - Orange County Bus and Rail Investment Plan Annual Report
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2/11/2016 10:14:34 AM
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BOCC
Date
2/16/2016
Meeting Type
Regular Meeting
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Agenda
Agenda Item
8a
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Minutes 02-16-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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18 <br /> Appendix C <br /> State Funding Cap <br /> Funding for the Durham-Orange Light Rail Transit Project is currently budgeted as 50% <br /> federal, 25% state and 25% local. In September 2015, state lawmakers approved a <br /> $500,000 funding cap for light rail projects in the state budget. While efforts to remove <br /> the cap were not entirely successful during the regular session, the State House passed <br /> an amendment to remove the cap and restore funding programmed for the project <br /> through the data driven Strategic Transportation Investments law. The amendment to <br /> Senate Bill 605 passed with strong support, and the bill is eligible for consideration in <br /> the short session that will convene in spring 2016. <br /> GoTriangle remains confident that the funding cap will be addressed in the future, and <br /> are grateful for the support we have received for the project. GoTriangle believes the <br /> Durham-Orange Light Rail Transit Project provides the best transportation solution for <br /> the Durham to Chapel Hill corridor. <br />
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