In 2014, the Indiana General Assembly allowed some Central Indiana counties to dedicate an income tax up to 0.25% for mass transit. In Marion County, if Council opts to enact the full 0.25%, the new tax would raise approximately $56 million annually to make significant system-wide improvements. The new revenue for IndyGo would fund the operational expenses as well as the local match for construction and other capital costs outlined in the Marion County Transit Plan.
“IndyGo has been challenged to meet the growing demand for transportation options in Marion County,” said IndyGo president and CEO, Mike Terry. “We are encouraged by the public’s show of support for transit.”
In order to implement the full proposal, the maximum rate of 0.25% authorized by the legislation is required. With the maximum rate allowed and Council approval, IndyGo will proceed with implementation planning, public involvement and refined timelines. Congressional appropriation of $75 million in federal funding for construction of the Red Line Phase 1 is expected in the coming months.
IndyGo, the Indianapolis Public Transportation Corporation, provides public transit service throughout Marion County. The Marion County Transit Plan calls for a significant increase in service, offering shorter waits, extended evening hours and weekend service, and three rapid transit lines in high-ridership corridors. A full 0.25% income tax increase must be enacted by City-County Council in order to fund the entirety of the Transit Plan. Visit our website, follow @IndyGoBus on Twitter, or call 317.635.3344 for more information.