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Nashville Transit Improvement Referendum 2018

This document summarizes a referendum for a transit improvement program in Nashville, Tennessee that will be voted on May 1, 2018. The program will expand and improve bus and rail services, including new light rail and rapid bus lines, neighborhood transit centers, and pedestrian safety improvements. The total capital cost is estimated at $5.4 billion, with $9 billion in revenue needed through 2032. Annual operating costs are estimated at $99.5 million. The program will be funded through tax surcharges on sales, hotels, businesses, and rental cars, as well as federal grants, fares, and contributions from other organizations. Voters will vote either for or against the transit improvement program and its associated funding measures.

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309 views1 page

Nashville Transit Improvement Referendum 2018

This document summarizes a referendum for a transit improvement program in Nashville, Tennessee that will be voted on May 1, 2018. The program will expand and improve bus and rail services, including new light rail and rapid bus lines, neighborhood transit centers, and pedestrian safety improvements. The total capital cost is estimated at $5.4 billion, with $9 billion in revenue needed through 2032. Annual operating costs are estimated at $99.5 million. The program will be funded through tax surcharges on sales, hotels, businesses, and rental cars, as well as federal grants, fares, and contributions from other organizations. Voters will vote either for or against the transit improvement program and its associated funding measures.

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Anonymous WOesUt6
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STATE OF TENNESSEE

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY


TRANSIT IMPROVEMENT PROGRAM REFERENDUM ELECTION

MAY 1, 2018

“Passage of this measure allows the Metropolitan Government to improve and expand transit services
to include: expanded bus service countywide; new transit lines; new light rail and/or rapid bus service along
Nashville’s major corridors, including the Northwest Corridor, and a tunnel connection through downtown
Nashville; new neighborhood transit centers; improvements to existing train service; safety improvements,
including sidewalks and pedestrian connections; and system modernization.

This transit program’s capital cost is estimated to have a present day value of $5,354,000,000 and the
program is estimated to require $8,951,062,000 in revenue through 2032. Once construction is complete, the
estimated present day value of recurring annual operating and maintenance costs is approximately $99,500,000.
The Metropolitan Transit Authority and the Department of Public Works will undertake implementation of the
program.

This transit program will be funded by tax surcharges, debt, federal grants, farebox revenues and con-
vention center and airport authority participation. The tax surcharges consist of: 1) a sales tax surcharge of 0.5%
for the first five years, increasing to 1% in 2023; 2) a hotel/motel tax surcharge of 0.25% for the first five years,
increasing to 0.375% in 2023; 3) a 20% surcharge on the business tax; and 4) a 20% surcharge on the rental car
tax. These tax surcharges will end once all debt issued for the program has been paid and the Metropolitan
Council determines by resolution that the revenues from the tax surcharges are no longer needed for operation
of the program.”

FOR

AGAINST

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