METRO was created in 1979 by the voters within our service area and follows state and federal requirements to seek voter approval when borrowing funds for new infrastructure projects. When METRO brings a proposal to voters it's referred to as a referendum or ballot measure.
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Before METRO can borrow money for new infrastructure projects, voters must first approve it through a referendum. Once approved, METRO issues bonds to investors who lend money that's repaid with interest over time.
The METRO Board of Directors approved a listening tour to gather community feedback on transit improvements. The METRONext Moving Forward Plan was developed based on that feedback and was approved by voters in 2019 with nearly 70% support. The referendum authorized up to $3.5 billion in bonds and extended the 25% allocation of METRO-collected sales tax revenue to the general mobility fund used for street improvement through Sept. 30, 2040.
In 2012, voters approved continuing to allocate 25% of METRO-collected sales tax revenue to the general mobility fund used for street improvement. The 25% dedication was set to expire on Sept. 30, 2014, but voters approved extending it through Dec. 31, 2025.
In 1999, the METRO Board of Directors began planning for high-capacity transit and in 2001 identified travel corridors for potential development. These plans, along with studies of other transit options, led to the creation of the METRO Solutions Transit System Plan. The referendum allowed METRO to issue up to $640 million in bonds to fund the plan and extended the allocation of 25% of METRO-collected sales tax revenue to the general mobility fund used for street improvements through Sept. 30, 2014.
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