The bill mandates an annual transportation financial review by the Metropolitan Council, amending Minnesota Statutes 2022, section 473.13, by adding a new subdivision. This review, to be submitted by April 1 each year, will detail the council's transportation revenue and expenditures in consultation with the commissioner of management and budget. The financial review must include a comprehensive analysis of actual and budgeted revenues, expenditures, transfers, reserves, and balances over the past four budget years, as well as comparisons between budgeted and actual amounts for the most recent completed budget year.

Additionally, the review will require detailed breakdowns of transportation funding sources and operating budget categories, including data on operations, capital maintenance, and transit capital. It will also summarize reserve policies, outline cost allocation methodologies, and describe revenue assumptions. The new provisions will take effect the day after final enactment and will apply specifically to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.

Statutes affected:
Introduction: 473.13