Massachusetts S1423 establishes transit improvement districts to generate revenue for expanding transit options.

Massachusetts S1423 creates transit improvement districts (TID) to fund transit enhancements. Municipalities must develop a program plan detailing objectives, financial plans, and fee structures before establishing a TID. The plan must be approved by the municipal legislative body and property owners. TIDs can collect fees from users and property owners, with a maximum of 5% of total program costs. The Massachusetts Department of Transportation will provide 25% of the program costs. TIDs can be dissolved by petition if at least 51% of fee-paying property owners and assessed value support it.

Massachusetts S1423 establishes transit improvement districts to generate revenue for expanding transit options.

Massachusetts S1423 creates transit improvement districts (TID) to fund transit enhancements. Municipalities must develop a program plan detailing objectives, financial plans, and fee structures before establishing a TID. The plan must be approved by the municipal legislative body and property owners. TIDs can collect fees from users and property owners, with a maximum of 5% of total program costs. The Massachusetts Department of Transportation will provide 25% of the program costs. TIDs can be dissolved by petition if at least 51% of fee-paying property owners and assessed value support it.