![]() ![]() The mass transit vehicle may be publicly or privately operated and includes bus, rail, or ferry. Items that qualify as a mass transit expense include transit passes, tokens,įare cards, vouchers, or similar items entitling you to ride a mass transit vehicle to or from work. Savings calculations are based on a federal tax rate of 15%, You can save an average of 30%* on your eligible transit and parking expenses. What are the benefits of a commuter benefits account?Ĭontributions to a commuter benefits account are deducted from your paycheck on a pre-tax basis, reducing State information is based on fiscal year 2017 programs.A commuter benefits account is an employer-sponsored benefit program that allows you to set aside pre-tax funds in separate accounts to pay for qualified mass transit and parking expenses associated with your commute to work. This is typically done through established budgeting processes.įederal program information is based off on the FAST Act. The agency or organization that receives it is able to determine how to spend it. Discretionary funding: Other sources of funding are discretionary.Spending less in one area does not necessarily mean spending for something else could increase. This can be by policy, law and even the state constitution. Dedicated funding: Many sources of funding are dedicated to specific projects, types of activities or modes of transportation.The summary shows how the combined funding is distributed in a "typical year." There are both dedicated and discretionary funding included in this summary. The split may be different for sources individually. This summary shows how the combined state and federal funding is distributed. For example, revenue from both the state fuel tax and federal fuel tax is included in the “fuel tax” category. This summary combines similar state and federal funding together. This summary focuses on State and Federal sources only. Loan programs are not included because the money that is used to payback these loans is generally local or private. They act like a funding source for transportation projects because they add value to the overall pot of transportation funding. They are paid back with non-transportation funding sources over time. However, General Obligation Bonds are included. In the long run, they do not add money to the overall transportation pot. We did not include Trunk Highway Bonding as a funding source because they are paid back with transportation funding sources over time. For example, it's impossible to quantify how much of the work that occurs at various federal transportation agencies is for Minnesota. However, we cannot account for all spending that impacts transportation in Minnesota. It includes funding for operations, maintenance, and administrative activities. This summary is not just construction money. For the purposes of this summary, “fuel tax” includes revenue from both. For example, you pay both a state and federal fuel tax when you fill up your tank. Some funding sources include state and federal money. Think of this summary as what is spent on Minnesota’s transportation system in a “typical year.” Small or infrequent sources are not captured. ![]() We focused on the big and common sources of transportation funding. ![]()
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