HTown Day 2012 - George Greanias

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George Greanias, President & CEO of the Metropolitan Transit Authority of Harris County, presents on the "New METRO".

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HTown Day 2012 - George Greanias

  1. 1. Houston Area Realtors H-Town Day October 4, 2012
  2. 2. METRO Services ✓ Local Buses ✓ METRORail ✓ Park & Ride Commuter Buses ✓ High Occupancy Vehicle (HOV) Lanes/High Occupancy Toll (HOT) Lanes ✓ METROLift Paratransit ✓ Star Van (METRO’s van pool) ✓ Bikes on Buses ✓ Motorist Assistance ✓ Program (MAP) ✓ METRO Police
  3. 3. METRO Service Area
  4. 4. How METRO is funded • 1¢ Sales Tax (reduced by 25% given to Harris County, City of Houston, and multicities – “General Mobility Program”) • Fare Box Revenues • Federal Grants Recurring (“Formula Grants”) Discretionary (e.g., FFGA for rail)
  5. 5. How METRO was funded – FY2011 Source FY2011 Amount Sales Tax Less GMP $536 Million $134 Million Fare box $65 Million Federal Grants – Formula Grants $60 Million – Discretionary Grants $900 Million (FFGA) ($190 Million FY2011)
  6. 6. How METRO is funded (cash to date) Source FY2012 Amount Sales Tax $588 Million Less GMP $180 Million Fare box $65 Million Federal Grants – Formula Grants $71 Million $900 Million (FFGA) – Capital Grants ($307 Million FY2012) – Other Capital Grants $28 Million
  7. 7. Accomplishments since April 2010 ✓ Hired new management ✓ Clarified priorities and operating principles ✓ Resolved Buy America ✓ Put Federal Grants back on track ✓ Made transparency the rule ✓ Settled lawsuits ✓ Put General Mobility on cash basis ✓ Revised union contract ✓ Reestablished sound budgeting principles
  8. 8. METRO’s Current Culture: Independent Recognition ✓ Comptroller’s Leadership Circle Gold Level Award ✓ FTA Triennial Review – Clean report with no exceptions ✓ Clean Independent Audit Opinion (No auditor findings)
  9. 9. METRO’s Strategic Direction:The 2003 METRO Referendum ✓ Authorized Long Range Bus and Rail Plan ✓ Specifically approved four priority rail corridors ✓ Three priority rail corridors over 50% complete ✓ University corridor has achieved Record of Decision ✓ Focusing increased attention on bus system and service ✓ GMP extended to Sept. 2014
  10. 10. Current Key Issue: GMP Referendum on Nov. 2012 Ballot For The continued dedication of up to 25% of METRO’s sales and use tax revenues for Against street improvements and related projects for the period October 1, 2014 through December 31, 2025 as authorized by law and with no increase in the current rate of METRO’s sales and use tax.

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