Agenda - 10-15-2024; 5-a - Short Range Transit Plan

Browse Search

Appendix C: Funding and Implementation Plan ORA RRANG ETRANSIT PLAN OUN I Y 1 TRANSIT FUNDING FTA 5311 Formula Grants for Rural Areas are distributed through the North Carolina Department of Transportation (NCDOT). In FY2025, NCDOT has allocated OCTS $165,435 in 5311 funds, and SHORT RANGE TRANSIT the same amount is estimated for the following years. PLANBUDGET At the state level, OCTS receives Rural Operating Assistance Program (ROAP) funds from NCDOT. In FY2023, OCTS was Public transportation in Orange County is funded by a variety of allocated $211,284, an amount estimated to remain the same federal, state, and local sources. Figure 1 shows the estimated throughout the SRTP period. budget for the SRTP fiscal years, based on existing funding and Locally, OCTS receives funding from the Orange County Transit conversations with different fiscal entities in the region. OCTS has Tax, with the budget for each year defined by the Orange County just under $4 million a year to maintain their existing services and Transit Plan and its Annual Work Program. Orange County also implement SRTP strategies. This budget provides a foundation for allocates money for OCTS in its annual budget. This amount what the SRTP can hope to achieve by FY2030, though each fluctuates each year, so the estimated amount for the SRTP is an budget source is subject to change. average of the FY2023 to FY2025 county budgets. Lastly, OCTS The Federal Transit Administration (FTA) allocates formula also receives a small amount of revenue from fares and charges funding for transit based on urbanized area and state, depending for services, which are not assumed to grow greatly from the on type of funds. OCTS receives 5307 Urbanized Area Formula FY2023 amount shown here. Grants for both the Durham and Burlington urbanized areas, and these amounts are determined through yearly split letters from ADDITIONAL FUNDING the Durham-Chapel Hill-Carrboro Metropolitan Planning OPPORTUNITIES Organization (DCHC MPO) and the Burlington-Graham Metropolitan Planning Organization (BGMPO). OCTS also receives Many of the SRTP strategies will require additional funding 5339 Bus and Bus Facilities Formula Grants through the DCHC beyond the above budget to implement. Shown in Figure 2 is a MPO split letter. For estimating the budget for the SRTP, 5307 non-exhaustive list of funding sources that OCTS can pursue to and 5339 funds from the FY2023 split letters are escalated by 2% increase its budget, though each opportunity has its own each year until FY2026, after which the amounts remain constant, requirements. since the current federal funding authorization expires in FY2026. Nelson\Nygaard Consulting Associates 1