Bill > SF2886

This bill consolidates and modifies financial reporting requirements for the Metropolitan Council's transportation services. It amends several existing statutes to streamline and clarify financial reporting processes. The bill requires the Metropolitan Council to submit an annual financial review by January 15 that details transportation revenue and expenditures, using state fiscal years. By August 15, the council must also submit a financial review update comparing budgeted and actual amounts from the previous budget year. The reporting must include detailed breakdowns of transportation funding sources (such as legislative appropriations, federal funds, fare collections, and taxes), and categorize expenses by transportation modes like bus, light rail, and special transportation services. The bill eliminates a previous requirement for a separate transit operating reserves report by repealing section 473.452, instead incorporating those reporting elements into the new consolidated financial review process. Additionally, the bill modifies the timing and content of the council's annual transit cleanliness report, moving the submission deadline to February 15 and adjusting the required reporting components. The changes are specifically applicable to the seven-county metropolitan area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties).

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2886&ssn=0&y=2025