FY 2013 Operating and Capital Budget - Metro Transit

Missouri Department of Transportation (MoDOT)
The Missouri Department of Transportation assembles a capital grant application for
transportation entities within the State of Missouri. The funding is comprised of federal
pass-through funds as well as general revenue funds allocated directly from the state.
Local and Other Funding
Missouri Local Sales Tax Funds
Metro uses a combination of ½ cent and ¼ cent local sales tax capital funds generated by
St. Louis City and County as the local match to Federal funding for bus and non-bus
capital projects located in the City and County. Currently, 98% of the ½ cent sales tax
receipts will be used for operating purposes for FY 2013 - FY 2015.
Funds generated by the ¼ cent sales tax approved as “Proposition M” in August 1994 are
applied first to cover debt service requirements of the Cross County bond issuance. After
covering debt service requirements, a portion of the remaining funds may be used as the
local match to fund specified capital projects located in Missouri as approved by St. Louis
City and County.
Proposition A was authorized through a referendum passed in St. Louis County on April
6, 2010. Proposition A provides an additional ½ cent sales tax to fund public transit
capital and operating needs for the St. Louis region. Prop A’s passage in the County also
triggered a ¼ cent sales tax in the City of St. Louis that voters there approved in 1997.
St. Clair County (Illinois) Transit District
The St. Clair County Transit District will supply funds for specific projects related to
their Transit District.
Other Financing
Other financing is made up of operating dollars used to match capital projects such as
preventive maintenance of vehicles and facilities. State Infrastructure Bank (SIB) loan
funds will be used to match the debt service reserve fund. From time to time, funding is
also identified from sources other than local sales taxes.
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