Financials & Funding
The KCTA is funded by a property tax millage of .4 approved by the voters of Kalamazoo County in 2009. The voters approved that millage to be levied for four years from 2009 through 2012. For a residential property owner with an assessed valuation of $100,000, the tax cost of the .4 millage equates to $40 per year.
The KCTA utilizes the taxes raised through the millage to fund Metro County Connect and all fixed-route services in the county that are located outside the City of Kalamazoo. The KCTA contracts with Kalamazoo Metro Transit to provide these public transit services. The property owners in the City of Kalamazoo pay a .6 millage to fund the fixed-route bus system located within the City of Kalamazoo.
The property tax is only one source of funding utilized to provide public transit in Kalamazoo County. Funds from the Federal government and the State of Michigan which are dedicated for public transit represent a significant portion of system funding. The other major portion of funding is fare/operational revenue. The chart below depicts funding by source for all components of the transit system. Total system revenue totaled over $13.4 million for the last completed audited year of 2010.
Transit System Funding by Source
"The KCTA is committed to and makes it one of our highest priorities to be a strong fudiciary of the county taxpayers dollars. We are committed to being transparent and to maximizing every dollar received for quality, region-wide public transportation services." -- Greg Rosine, Vice-Chair
The KCTA fiscal year runs October 1 through September 30. The 2013 Budget was approved by the KCTA Board of Directors during their regularly scheduled meeting on September 24, 2012. To view the current budget, click here.
As recorded in Chapter 13.01 of the Articles of Incorporation, the KCTA, acting as a public authority is required to obtain an annual audit in accordance with sections 6 to 13 of Act No. 2 of the Public Acts of 1968 of Michigan Compiled Laws. To view the 2011 Audit, click here.
The KCTA is funded in part by a property tax millage of .4 approved by the voters of Kalamazoo County in 2009 and raises approximately $3 million annually. The millage expires in 2012 and will be brought to the voters for renewal in May 2013. Click here to view a summary of the 2009 millage.