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A Michigan State House fiscal analyst breaks down transportation funding
Manage episode 380996658 series 2920850
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Understanding the intricacies of a state's transportation funding can be a daunting task. On this week’s episode of the Talking Michigan Transportation, Bill Hamilton, a policy analyst in the Michigan House Fiscal Agency and transportation luminary, talks about his work.
The discussion also includes an overview of Michigan's Transportation Fund (MTF) and the Comprehensive Transportation Fund (CTF), which funds public transportation.
Hamilton talks about a report he posted recently that analyzes the CTF in the wake of some additional appropriations. These include a $15 million annual increase in CTF funding for transit and $45 million in federal pandemic relief funds for local bus operations in the Fiscal Year 2024 budget.
Hamilton explains that most of the public transit funds are appropriated for local bus operating assistance to some 80 agencies across the state. He also discusses the incentives for the agencies to draw down more funds by raising their own revenues through millages or other initiatives.
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