METRO CONNECTS Long-Range Plan

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Metro Connects

Figure 27

Attaining the Vision

Metro Connects Service Adds and What Could be Funded With Forecasted Revenues

In summary, as of June 2021, Metro expects the interim network to cost approximately $11.5 billion in capital costs and require 5.5 million annual service hours. The 2050 network will require an even larger investment—$28.3 billion in capital costs and 7.25 million annual total service hours. Existing revenues will enable Metro to maintain service levels, however the cost of attaining Metro Connects will significantly exceed existing revenue sources. Metro looks forward to working with elected leaders and partners on a regional funding solution. Metro’s revenue sources include sales taxes, fares, property taxes, federal and state grant funding, with sales tax representing metro’s primary revenue source. Using a sales tax as Metro’s primary revenue source amplifies the challenge of sustainable and equitable funding. Sales taxes are volatile and regressive. Property taxes— another available funding source—are also regressive. The region could pursue many funding approaches, including sources that may be more equitable and less regressive. A 2019 report 26 to the King County Council included potential funding options, although these may evolve based on changes at the state or local levels. Metro will also work to control costs and ensure maximum impact of investments when implementing Metro Connects. These figures are meant to give Metro, elected officials, and other stakeholders a sense of the large scale of investments required to implement Metro Connects. However, given the likelihood the figures will change, Metro is transmitting more detailed information about the projected costs and costing methodology separately, in Technical Report E. Capital Costing Methodology. Metro proposes more regular updates on what Metro could afford toward the projected costs through the Strategic Plan web-based dashboard (for more information, see the “Accountability and Continuous Improvement” section).

26 Status report on Metro Transit’s Regional Planning Effort (in response to Motion 15252), transmitted to the King County Council on May 31, 2019

King County Metro Long Range Plan

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