State Public Mass Transportation Fund
The Public Mass Transportation Fund (PMTF) is a state program that receives 0.635% of the state sales and use tax. These funds are allocated to public transit agencies on a calendar year basis using a performance based formula. Service area population, passenger trips, total vehicle miles,and locally derived income data are utilized to compute the formula allocations.
Awards are limited to an amount equal to 100% of the project's Locally Derived Income or the system's total allocation, which ever is less.
Locally Derived Income (LDI) is defined as follows:
- System revenues: including fares, charter, advertising, and all other auxiliary non-transportation revenues;
- Taxes levied by, or on behalf of, a transit system;
- Local cash grants and reimbursements: including general fund receipts; property, local option,license, excise, and tangibles taxes; bank building and loan funds; and other locally derived assistance.
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