Bill > S2324

This bill aims to generate revenue to expand transit options by establishing "Transit Improvement Districts" (TIDs) within municipalities. The key provisions are: 1. Municipalities or groups of municipalities can establish a TID by developing a program plan and adopting the TID through votes by the municipal legislative bodies and property owners. The program plan outlines the financial plan, capital and operational resources, and management of the TID. 2. TIDs can collect a "transit improvement fee" from property owners within the TID, which can be based on various factors like property value, number of employees, or trips generated. The fees can be used to fund transit improvement programs within the TID. 3. The state's Department of Transportation is required to provide 25% in matching funds for the TID's program costs, and municipalities must provide at least 25% from non-fee sources. The remaining 50% can come from user fees. 4. The TID can be reviewed and renewed after its initial duration, and can be dissolved with the approval of the property owners and municipal legislative bodies. Overall, this bill aims to establish a new funding mechanism to support and expand transit options at the local and regional level, with a focus on Environmental Justice areas.

Transportation and Infrastructure

https://malegislature.gov/Bills/192/S2324