The problem with Seattle is that they live in a bubble of opulence, lol
Quote:
Originally Posted by mhays
If you want to compare transit system revenues, you have to add the county systems...King County Metro handles the lion's share of transit in the region, and Pierce and Snohomish have significant systems as well. KC Metro's 2023-24 (two year) operating budget was $2.474 billion.
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I set out to look at how different transit agencies fund their transit and whether they had a dedicated tax/fee revenue stream for funding operating expenses.
It can get real complicated real fast.
It's true that Sound Transit's $2.4 billion in annual revenue from taxes/fees is three times Denver RTD's $800 million for BOTH rail and bus service. But, Seattle designed their tax/fee revenue to pay for both operating expenses and capital cost of new light rail lines.
With respect to King County's bus service the only thing I could pin down is there's a nine-tenths percent sales tax and a lot of this revenue goes to capital costs as well as operating costs, for example with their electrification program. I never could determine what that nine-tenths percent sales tax added up to in total $'s though?
In any case Seattle has lots of tax/fee revenue even if it doesn't accomplish all they would wish for while many agencies (east of the Mississippi) have no dedicated funding to even cover operating costs or in Chicago/CTA's case they do have sales and other taxes but it is inadequate to cover operating expenses once they run out of COVID money. The state also kicks in a share which can vary so it's quite confusing and definitely a Big Mess.