TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Short Range Transit Plan (SRTP)
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider approving the submittal of the Short-Range Transit Plan (SRTP) to the Metropolitan Transportation Commission (MTC).
Staff Contact:
Ramakrishna Pochiraju, Executive Director of Planning & Engineering
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
As a required document, submitting the SRTP is important for the District's financial stability as it relates to funding that comes from MTC and MTC's ability to advocate for more funding. It also provides financial analysis and projections.
BUDGETARY/FISCAL IMPACT:
There is no immediate impact from submitting the SRTP. In the longer term, the collection of SRTPs from the regions transit operators could be used by MTC to help secure additional funding.
BACKGROUND/RATIONALE:
The SRTP is a financial and service planning document required by the MTC. MTC's requirements derive from Federal Transit Administration (FTA) requirements for Metropolitan Planning Organizations (MPOs) and transit operators/agencies.
For this cycle, MTC plans to use the SRTPs, taken together, from Bay Area transit operators to project the seriousness of financial conditions and potential service cuts that the agencies are facing over the next five years. The upcoming situation, with the imminent loss of federal funds, is often referred to as the "fiscal cliff."
To focus on this purpose, MTC and transit agencies developed streamlined requirements for the document. Previous SRTPs provided an extensive overview of the agency, including ten-year projections, route-level analysis and vehicle reporting. This SRTP includes only five-year financial projections and summary discussions of future service patterns. MTC staff also felt that the normal ten-year projections would not be as useful in the r...
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