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TIMA outlines FY26 funding gaps after $20M EPA grant ended; proposes $1M capital contribution to ferry charging
Summary
TIMA staff told the committee that the termination of a $20 million EPA grant left gaps in planned services and projects; TIMA’s FY26 budget is $4.6 million and staff propose using DDA capital funds and up to $1 million toward a $4.1 million ferry charging infrastructure need while pursuing grants and other sources.
On Oct. 28 the Treasure Island Mobility Management Agency Committee received an informational update on TIMA’s FY26 budget and a proposed funding strategy to fill gaps left when a $20,000,000 EPA grant ended earlier this year.
Swanee Cho, assistant deputy director for planning, said the adopted FY26 budget totals $4.6 million and covers ferry terminal enhancements and other program priorities. Cho said TIMA is pursuing two funding streams from the disposition and development agreement (DDA) with the…
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