2019.11.13 Council Agenda Item 4

Summary

Discussion about the Greater Portland Transit District (Metro Bus) preliminary FY 2020 budget.

A public comment period will not be included with this item.

ACTION: Council action is not anticipated.

Description

In accordance with state statute (30-A MRS ss 3516), the procedure for preparation and adoption of the annual Metro Bus budget requires submittal of a preliminary budget and local subsidy formula to each participating community no later than October 31. If the District receives notice of refusal, within 30 days, to accept the formula by the municipal officers of any participating community, the District is then required to petition the Maine Public Utilities Commission by December 15th to establish the formula. Staff from the Transit District will offer a presentation at the meeting.

A copy of the budget and subsidy formula and the presentation are attached.