File #: 2020-0382    Version: 1
Type: Ordinance Status: Passed
File created: 10/27/2020 In control: Budget and Fiscal Management Committee
On agenda: Final action: 11/17/2020
Enactment date: 11/30/2020 Enactment #: 19206
Title: AN ORDINANCE relating to public transportation; suspending the general financial practices and farebox recovery ratio sections of the 2016 Fund Management Policies for the Public Transportation Fund during the 2021-2022 biennium.
Sponsors: Rod Dembowski
Indexes: Fees, Transportation
Attachments: 1. Ordinance 19206, 2. 2020-0382_SR_MetroFundMgt, 3. 2020-0382_ATT2_MetroFareboxLtr, 4. 2020-0382_SR_dated_111020_MetroFundMgt
Staff: Bourguignon, Mary
Drafter
Clerk 10/15/2020
Title
AN ORDINANCE relating to public transportation; suspending the general financial practices and farebox recovery ratio sections of the 2016 Fund Management Policies for the Public Transportation Fund during the 2021-2022 biennium.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. Adopted transit fund management policies provide a framework to ensure the financial health and viability of the public transportation fund.
B. In July 2016, following recommendations from a staff work group and review by a special committee on transit, the 2016 Fund Management Policies for the Public Transportation Fund were adopted through Ordinance 18321.
C. The 2016 Fund Management Policies for the Public Transportation Fund set general financial practices and a fund structure for the Public Transportation Fund, as well as policies and targets for financial and capital planning, expenditures, revenues and reserves.
D. King County government has experienced significant operational and fiscal impacts during 2020 due to the COVID-19 pandemic and anticipates continued impacts during the 2021-2022 biennium.
E. On March 1, 2020, the executive issued a proclamation of emergency enabling extraordinary measures to respond to the COVID-19 pandemic. On March 3, 2020, the council passed Motion 15610, affirming the proclamation of emergency.
F. On May 29, 2020, the executive issued a proclamation declaring an emergency budget crisis for the remainder of the 2019-2020 biennium budget cycle. The proclamation was ratified through Ordinance 19115.
G. On September 16, 2020, the executive issued a proclamation declaring an emergency budget crisis for the 2021-2022 biennium budget cycle. The proclamation was ratified through Ordinance XXXX (Proposed Ordinance 2020-0323).
H. The Metro transit department has made a number of operational changes in response to the COVID-19 pandemic to respond to lower ridership and to ensure th...

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