During this election cycle, Wake County voters will see a referendum on their general election ballot for a one-half percent local sales tax increase to partially fund the Wake County Transit Plan.
The referendum is a major step towards the funding that will be required for the plan. If voters approve the referendum, the partner agencies that helped develop the plan will be ready to begin implementing the plan, bringing improved and expanded transit service to Wake County as funding from the referendum and other sources becomes available.
With so many agencies involved in transit in the county, how will this plan roll out, and who will lead the effort?
That is where the Transit Governance Interlocal Agreement comes in. The Interlocal Agreement, or ILA for short, spells out agency roles and responsibilities, and ensures that tax dollars generated by the sales tax increase will be used for their intended purpose – to fund the Wake County Transit Plan. The ILA will also guide the planning, funding and construction of the plan.
For example, it establishes that the GoTriangle Board of Trustees and the Capital Area Metropolitan Planning Organization Executive Board will jointly set the direction of transit investment. The ILA also requires that all parties involved in the transit plan review and approve planning documents on an annual basis. In addition, it also guides the public outreach and involvement process to ensure transparency with residents as the plan is implemented.
Having this agreement allows all partners to be ready to begin implementing the plan as soon as possible if voters approve the referendum in November. For more information on the ILA, and to view the document, visit waketransit.com/ila.