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Metro updates WCCC on $88.5M regional-flexible bond proposal and three step-2 allocation options; committees favor option 3
Summary
Metro staff told the Washington County Coordinating Committee on June 9 that updated revenue forecasts allow a proposed $88.5 million regional-flexible fund bond and raise step-2 allocation capacity to about $49 million, and staff outlined three candidate package options for step-2 allocations.
Metro principal transportation planner Grace Cho briefed the Washington County Coordinating Committee on June 9 about refinements to the Regional Flexible Fund Bond proposal for the 2028–2030 cycle and accompanying step-2 competitive allocation options.
Cho said Metro staff’s most recent estimate of regional flexible funds available for the 2028–2030 cycle increased to about $161,000,000, in part because of an unallocated carryover and an increased CMAQ appropriation. She described a proposed new $88,500,000 regional flexible-fund bond to accelerate capital projects; the additional revenues allow Metro to raise step-2 allocation capacity from an initial estimate of $42,000,000 to about…
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