A: Capital Metro and the City of Austin are working closely together on Project Connect, and how to structure this investment that will monumentally reshape how we move around our community.
Capital Metro would apply for federal grants, which could potentially cover up half of the costs of the projects. Additionally, Capital Metro’s fare revenues, operational savings and assumed sales tax revenue growth would support Project Connect. Other potential funding channels
could include some one-time capital and planning sources, or new options like Park & Ride fees.
The City of Austin has supported Capital Metro initiatives through a variety of funding streams in the past. To advance Project Connect, City staff has identified a voter-approved tax-rate election as the most viable funding source to build the infrastructure and ongoing operations
and maintenance. The investment will be substantial, and it is critical to invest in a way that maximizes our chances of bringing federal dollars back to Austin.
In the coming months, board and council members will make critical decisions about how to invest in Project Connect in partnership with the community.