AUSTIN (KXAN) — On Monday, the Austin City Council unanimously approved a multi-billion-dollar transit system that will go on the November election ballot.
The Project Connect mass transit plan will be operated by Capital Metro and will be 45% federally funded.
The plan itself was approved by both governing bodies in June, and Capital Metro received public feedback during a town hall meeting last week.
Under the plan, $3.85 billion of the bill has to come from local funding. Capital Metro has $73 million earmarked in its fiscal year 2021 budget to put toward local funding. The Capital Metro Board of Directors has a meeting in August to finalize a funding commitment.
Both the Capital Metro board and City will meet in August to form an independent implementation board called the Austin Transit Partnership.
After that, the next step would be Austin City Council voting to put Project Connect on the ballot for November’s election. It could mean a higher tax rate for homeowners.