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2010 Sales Tax Revenue State Role in Public Transit Funding <br /> Community Transit receives 9-cents in sales tax revenue of every ten dollar Like any business, public transit can serve its customers efficiently and <br /> purchase within its public transportation benefit area district. The 2011 effectively when it has sufficient and stable financial revenues. States which <br /> budget of$62.7 million represents a major drop of revenues from this value public transit as engines for economic growth, extensions of their core <br /> volatile funding source. public transportation infrastructure and a key component of their greenhouse <br /> Lower actual and projected sales tax revenues since 2007 have led to revised gas emission/climate control efforts provide strong and stable funding to <br /> forecasts of an estimated $207 million in revenue expected but lostthrough their bus and train services. <br /> 2013.This lost revenue was critical to support elements of the agency's } In 2010,the State of Washington stepped forward to provide Community <br /> Six-Year Transit Plan and forced the agency to make major adjustments to its ) Transit with $5 million in grant funds through its Regional Mobility Program. <br /> budget and services. These critical funds will help Swift bus rapid transit through its initial three <br /> years of service. Unfortunately,the Regional Mobility funding is a capped, <br /> competitive grant process that does not guarantee funding for Community <br /> $207 Million in Lost Revenue Transit or any of the state's transit agencies. <br /> $120 million Nationwide, state governments support nearly 23 percent of the operating <br /> e Q1e.Rece5 �o, z.` cost of their public transit systems. Washington State typically contributes <br /> $100 million Ftevenu t „° less than 1 percent to Community Transit's annual operating budget. <br /> tea � _ r � <br /> $80 million ,, .ri <br /> ,t Efforts to Secure New Federal and State Funding <br /> 76.6 717 , ` : ` ` State Funding <br /> *.?+ 67.6 <br /> 64 9 (projected) <br /> $60 million 62.3 61.5 62.7 (projected) The agency is actively engaged with state lawmakers in examining the vital <br /> (projected) <br /> role of public transit, especially for congestion relief and air quality in the <br /> Actual Sales Tax Revenue <br /> Puget Sound region. All of the state's public transit agencies have joined <br /> $40 million <br /> 2007 2008 2009 2010 2011 2012 2013 together to ask for substantial state level backing and stable funding for <br /> Data as of Jan.2011 local transit. <br /> Federal Funding <br /> Community Transit is engaged in a comprehensive effort to obtain new <br /> funding from the federal government.This work includes a strong advocacy <br /> program focusing on reauthorization of federal transit programs, annual <br /> appropriations, legislation providing for additional economic stimulus <br /> funding for public transit and emergency operations assistance. <br /> A • rnmmiinitt,Trancit Frnnnmirc Community Transit Economics • 5 <br />