Charlotte leaders approve $4.3 million for new transit authority

The Charlotte City Council approved an allocation of $4.3 million to the newly formed Metropolitan Public Transit Authority, marking the first lump funding for the organization tasked with overseeing transit across Mecklenburg County.

The money will come from existing sales tax revenue, separate from the recently approved tax increase. November's vote means an increase in Mecklenburg County sales tax from 7.25% to 8.25%, which is expected to generate $19.4 billion over the next three decades for transit projects. The funding was approved in a council meeting on Monday.

The funding will cover legal services, insurance, consultants, and other administrative costs as the 27-member MPTA board prepares to take over the Charlotte Area Transit System.

Council member Malcolm Graham said at a Thursday morning press conference that the funding is critical to help the MPTA begin operations immediately, particularly on safety initiatives. #News #Politics #Charlotte

READ MORE: https://www.wcnc.com/article/news/politics/north-carolina-politics/charlotte-city-council-weighs-funding-vote-new-transit-authority-light-rail-public-transportation/275-403ee88a-77d5-4c04-9616-fe962354b27e

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