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Rail News: Passenger Rail
4/19/2010
Rail News: Passenger Rail
Sales tax measure enables St. Louis Metro to restore service
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St. Louis Metro is taking steps to restore transit services that were cut back in 2009 and review routes to determine which ones should be reconfigured or extended.
The restoration plan comes after 63 percent of voters in St. Louis County earlier this month approved Proposition A, which established a sales tax of one-half of 1 percent to fund public transit in the region. The measure also triggered a one-quarter of 1 percent sales tax in the city of St. Louis that voters had approved in 1997.
Metro estimates the sales tax will generate revenue of about $74 million, with nearly $8 million of that coming from St. Louis.
The new revenue will provide the funds needed for a required local match to apply for federal funds, which would enable the authority to create new Metrolink and bus rapid transit lines, Metro President and Chief Executive Officer Robert Baer said in a prepared statement.
The restoration plan comes after 63 percent of voters in St. Louis County earlier this month approved Proposition A, which established a sales tax of one-half of 1 percent to fund public transit in the region. The measure also triggered a one-quarter of 1 percent sales tax in the city of St. Louis that voters had approved in 1997.
Metro estimates the sales tax will generate revenue of about $74 million, with nearly $8 million of that coming from St. Louis.
The new revenue will provide the funds needed for a required local match to apply for federal funds, which would enable the authority to create new Metrolink and bus rapid transit lines, Metro President and Chief Executive Officer Robert Baer said in a prepared statement.