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MTA board approves reserve fund policy to cover short-term state and federal grant timing gaps
Summary
The board adopted a reserve fund policy (MA25-015) establishing an operating reserve funded by Choose How You Move collections; the board amended language to limit use without prior approval to unforeseen state or federal grant timing issues of 180 days or less and authorized initial funding already appropriated by Metro Council.
The Metropolitan Transit Authority board voted to adopt a reserve fund policy to create a board‑governed operating reserve, drawing on initial Choose How You Move collections that Metro Council appropriated earlier this year.
Amanda (staff member) told the board Metro Council had approved a supplemental appropriation that included $36,465,000 to seed the reserve fund and that staff had requested an additional $10,735,000 in the FY26 budget to yield a projected beginning‑of‑year…
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