The bill amends Minnesota Statutes 2024, section 473.4465, subdivision 2, to allocate a portion of regional transportation sales tax revenue specifically to SouthWest Transit. It maintains the existing structure for the use of sales tax revenue, which includes 5% for active transportation and 95% for transit system purposes, while detailing various categories for expenditure such as improvements to bus service, transit safety, and zero-emission bus procurement.
A significant insertion in the bill is the requirement for the council to share regional transportation sales tax revenue with all replacement service providers, specifically designating that SouthWest Transit will receive 3.7% of the regional transportation sales tax collected in the metropolitan area. This change aims to ensure that SouthWest Transit receives a fair share of funding to support its operations and services within the region.
Statutes affected: Introduction: 473.4465