Tax collections supporting the Wake Transit program are faring better than anticipated amid the uncertainty of the COVID-19 pandemic, and many Wake Transit investments that had been put into an “unbudgeted reserve” category for fiscal year 2021, which began July 1, are back up for consideration.
Thirty-five requests have been submitted for consideration by a host of project sponsors, including the Capital Area MPO, GoTriangle, City of Raleigh, Town of Cary, Town of Morrisville and Wake County. Those requests are in the form of proposed amendments to the FY2021 Wake Transit Work Plan.
In June, the Capital Area MPO Executive Board and GoTriangle Board of Trustees adopted the plan, which put most new investments on hold because the health precautions and safety protocols put in place to combat the pandemic, including business closures and statewide stay-at-home orders, were affecting tax collections, which are the main source of revenue for Wake Transit.
Now that the planning staff has more clarity on the tax impacts of COVID, a number of the investments previously put on hold are now financially eligible to be considered for inclusion in the FY2021 Wake Transit Work Plan.
Through December 8, 2020, the public is invited to review and comment on the proposed amendments.
If you have specific questions about the amendment requests or the Wake Transit Planning process, contact Bret Martin at: Bret.Martin@campo-nc.us
Follow Wake Transit on Twitter @waketransit for more program updates.