Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Transit And Grant Funding topic
No spam. Unsubscribe anytime.
McAllen budgets $1 million FTA grant to advance bus rapid transit project
Summary
The commission approved a budget amendment to record a $1,000,000 Federal Transit Administration grant as revenue and expenditure for the bus rapid transit project; staff said the grant is a 100% subsidy and the funding is in place for the previously approved project.
The McAllen City Commission approved a budget amendment to accept and budget $1,000,000 in Federal Transit Administration (FTA) funds to support the city’s bus rapid transit project.
A Transit Department representative told the commission that the department requested the budget amendment to record $1,000,000 in both revenue and expenditures and described the grant as a 100% subsidy from the FTA. Commissioners asked clarifying questions about the source; staff confirmed the funds are federal and the grant is in place.
Motion to approve the budget amendment was made, seconded and the commission voted to carry the motion.
What happens next: staff will program the revenue into the FY budget and proceed with the project elements already approved by the commission that rely on the grant.
Representative quote: “The Transit Department is requesting a budget amendment in the amount of 1000000 dollars both expenditures and revenues will match 1000000 dollars with 100% subsidy from FTA.”
