Background/Discussion
Every year the City of Council Bluffs is required to submit an Iowa DOT Authorizing Resolution for State Transit Assistance (STA) for transit operations with the Iowa Department of Transportation’s Joint Participation Agreement to provide Transit Assistance to Iowa’s public transit system.
Before the City receives the Iowa DOT Authorizing Resolution for Transit Assistance with the Iowa Department of Transportation, the City is required to hold a public hearing. The notice must be published at least 30 days ahead of the scheduled public hearing. It is recommended a public hearing regarding the FY2020 projected STA payments be set for February 25, 2019.
We are required to submit to the Iowa DOT Office of Public Transit a notice of public hearing, the approved resolution and copy of city council minutes of the meeting where the public hearing is held. Following receipt of this information, the Iowa Department of Transportation will send the Iowa DOT Authorizing Resolution for signature.
The State Transit Assistance formula is based on ridership, revenue miles, operating expense and local match.
The projection for FY2020 is $219,867 in STA payments.
The projected FY2020 budget for transit is $1,388,700 in expenditures and projected revenues of $815,000 in transit tax levy, $219,867 in State Transit Assistance, $100,000 in 5307 funds, $90,850 in 5310 funds, $33,000 in STS fares, and $130,000 in Metro fares.