Trimess

Tuesday, September 13, 2011

Portland Transit Authority: TriMet's Troublesome Transit Tax

TriMet's payroll tax is also different from most transit agencies in that the tax rate goes up by a small amount each year automatically. Over the next 12 years the rate will gradually increase from .6918% to .8218%. This system has been a key to TriMet's success in building out its frequent bus network and MAX light rail system, since in normal times they have been able to rely on a steadily increasing stream of revenue over time. The recent drop in employment, however, has exposed some problems inherent in using a revenue source that only gradually increases.
http://transportationchoicescoalition.blogspot.com/2011/09/portland-transit-authority-trimets.html

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