cartky.org

Council:

Approve a ballot initiative generating $40 million in additional funding to TARC, by 0.2% increase in the occupational tax.

2008 marks the 'tipping point' on commuter behavior. An IBM study conducted this year shows commuter response to gas prices:

Graphic source: WSJ - Riders Swamp Public Transit

Gas prices in 2012?: $7 per gallon says Jeffrey Rubin at CIBC World Markets. source: Newsweek Learning from the Oil Shock.

For much more on the history of this occupational tax, light rail, mass transit, and the current state of TARC please refer to the metro council budget committee hearings from Wednesday, 6/18/2008. CART has an audio log.

In the last presidential election cycle, 80% of transit funding ballot initiatves succeded. Source: Center for Transportation Excellence: Building communities Through Public Transportation.

An online version of this document is at cartky.org/metro-council-notes-6-2008.