1.0% sales tax (20% frr): overview · 2017. 12. 15. · 1.0% sales tax (20% frr): overview...
TRANSCRIPT
-
1.0% Sales Tax (20% FRR): Overview
• Amount available for service expansion: $890 M
• Required fare increase of $1.05 oFrom $1.75 to $2.80 (2028)
• Ridership: 13.8 M to 18.8 M • Opportunities to add significant
new bus service • Fleet size requires capital for 3rd
garage • 4 Bus Rapid Transit (BRT) corridors
possible (20-year financial model) 48
-
1.0% Sales Tax (20% FRR): Financial Projection
49
($M ) 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total1.00% Sales Tax 151.7 152.4 153.2 153.8 154.5 155.1 155.6 156.2 156.7 157.2 1,546.2Less Transit Tax (2.3% Growth) (49.2) (54.2) (54.6) (56.2) (57.6) (58.9) (60.2) (61.4) (62.8) (64.2) (579.3)New Revenue 2.6 7.6 14.0 18.0 19.3 20.7 23.9 27.3 28.7 30.1 192.3 Excess 105.1 105.8 112.6 115.7 116.2 116.8 119.3 122.0 122.6 123.1 1159.3
Operating Deficit (9.1) (6.4) (8.2) (9.0) (10.1) (11.4) (12.9) (14.6) (16.2) (18.1) (116.0)
Reserve Requirement (17.7) (2.3) (3.0) (1.8) (0.6) (0.6) (1.6) (1.6) (0.8) (0.9) (30.9)
SORTA Infrastructure (12.8) (7.0) (2.6) (3.9) (19.0) (0.9) (0.8) (6.0) (7.8) (0.9) (61.8)
Surplus / (Deficit) 65.6 90.2 98.8 100.9 86.5 103.8 104.1 99.8 97.7 103.2 950.6
Buses (20.6) (24.7) (10.5) 4.0 (16.5) 6.7 (1.9) (10.3) 6.6 6.8 (60.4)
Total Surplus / (Deficit) 45.0 65.5 88.2 104.9 70.0 110.5 102.2 89.5 104.3 110.1 890.2
New Bus Service (6.0) (17.2) (32.8) (41.4) (42.5) (43.6) (50.1) (56.9) (58.5) (60.2) (409.2)
New Bus Capital (38.9) (37.4) (37.6) - - (3.2) (1.8) (1.8) - - (120.7)
New BRT Capital (5.5) (5.5) (5.5) (5.5) (5.5) (5.5) (5.5) (5.5) (5.5) (5.5) (55.0)
Ending Surplus / (Deficit) (5.5) 5.4 12.3 58.0 22.1 58.2 44.9 25.3 40.3 44.3 305.3
-
1.0% Sales Tax (20% FRR): Service Plan Concept
50
Changes Weekday Saturday Sunday
New Routes
Galbraith Crosstown Blue Ash Circulator
Sharonville Circulator Kenwood / Mariemont
Northside / Oakley Crosstown Addyston / Western Hills Westwood / Forest Park
Anderson / Kenwood Madisonville / Anderson
Uptown/Reading BRT, Hamilton BRT Glenway BRT, Montgomery BRT
(13)
Galbraith Crosstown Kenwood / Mariemont
Addyston / Western Hills Westwood / Forest Park
Anderson / Kenwood Madisonville / Anderson
Uptown/Reading BRT Hamilton BRT, Glenway BRT,
Montgomery BRT (10)
Galbraith Crosstown Kenwood / Mariemont
Addyston / Western Hills Westwood / Forest Park
Anderson / Kenwood Madisonville / Anderson
Uptown/Reading BRT Hamilton BRT, Glenway BRT
Montgomery BRT (10)
Alignment Changes to Existing Routes 4, 23X, 24, 25X, 43, 46, 67, 75X, 77X (9) 4, 24, 43, 46 (4) 4, 24, 43, 46 (4)
Frequency Improvements
1, 4, 6, 11, 16, 17, 19, 20, 21, 27, 28, 31, 32, 33, 41, 43, 46, 50, 51, 61, 64, 78, 2X, 3X, 14X, 15X, 23X, 29X, 30X, 40X, 52X,
74X (32)
4, 16, 19, 21, 28, 31, 32, 51, 64 (8) 4, 16, 17, 19, 20, 21, 28, 31, 32, 64 (6)
Span Improvements 4, 11, 17, 33, 43, 78, 6, 19, 20, 21, 32, 41, 51, 64 (14)
4, 11, 17, 33, 43, 78, 32, 41, 51, 67, Blue Ash Cir., Sharonville Cir.
(12)
4, 11, 17, 33, 43, 78, 16, 20, 32, 41, 51, 67, Blue Ash Cir.,
Sharonville Cir. (14)
• 4 BRT corridors • 9 new bus routes • 9 route alignment changes • 32 routes with more
frequent service • 18 routes with longer
hours of service • More weekend service • 24-hour service on 6
major corridors: Glenway, Hamilton, Vine, Reading, Madison, Montgomery
• Access service growth for people with disabilities
• 3 new transit centers and 1 new park & ride
• 3rd bus garage
-
1.0% Sales Tax
New routes and route extensions
-
1.0% Sales Tax
Routes with increased frequency
-
1.0% Sales Tax
Routes with increased span of service