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SMART mulls early renewal of sales tax, reduction in fares for low-income riders

Kevin Fixler, THE PRESS DEMOCRAT

The North Bay’s commuter rail service will consider a plan to reduce fares for low-income riders as part of a larger proposal from SMART staff to next year seek voter renewal of the 20-year sales tax measure that’s funded the system since 2009.

The moves come as Sonoma-Marin Area Rail Transit, which launched service in August 2017, assesses its long-term financial picture with an eye on restructuring debt and accelerating its delayed full build-out.

It expects to complete the southern-most station in Larkspur by year’s end, expanding its operating line to 45 miles of the planned 70-mile corridor. But guaranteed future funding in the form of an earlier tax renewal could help the agency speed up its extension of service north to Healdsburg and Cloverdale, according to SMART staff.

“The reality is we’re a transit operation, and we need to plan ongoing operations, we need to plan expansions,” Erin McGrath, SMART’s chief financial officer told SMART’s 12-member board at its Wednesday meeting. “We can’t have ballot box uncertainty in our future. We can’t have our revenues stopping in 10 years.”

Voters in Marin and Sonoma counties together in 2008 passed the quarter-cent sales that represents SMART’s primary funding stream. Measure Q will sunset in 2029, and the agency’s staff is recommending pursuing its renewal as early as the 2020 general election, ensuring, if passed by a two-thirds majority, funding for another 20 years through 2049.

Read more at https://www.pressdemocrat.com/news/9464429-181/smart-mulls-early-renewal-of