Establishes transit improvement districts to generate revenue for expanding transit options.

The bill creates transit improvement districts (TID) to generate revenue for expanding transit options. Municipalities or groups of municipalities can establish a TID by developing a program plan and holding a public meeting. The plan must include a financial plan, a management and operational plan, and a fee structure. The Massachusetts Department of Transportation will provide 25% in matching funds. Users of the transit improvement program will pay a fee, which cannot exceed 5% of total program costs. Property owners within a TID must provide a minimum of 25% of the program costs.

Establishes transit improvement districts to generate revenue for expanding transit options.

The bill creates transit improvement districts (TID) to generate revenue for expanding transit options. Municipalities or groups of municipalities can establish a TID by developing a program plan and holding a public meeting. The plan must include a financial plan, a management and operational plan, and a fee structure. The Massachusetts Department of Transportation will provide 25% in matching funds. Users of the transit improvement program will pay a fee, which cannot exceed 5% of total program costs. Property owners within a TID must provide a minimum of 25% of the program costs.