Miami creates mass transit trust fund
Commissioner Francis Suarez began pushing for the trust fund several months ago as the South Florida Regional Transportation Authority sought $69 million from public entities to bring Tri-Rail trains downtown.
Tri-Rail
MIAMI — Miami Commissioners unanimously approved creating a transportation trust fund to establish a pot of money that can be used to fund large and small transit projects, reported the Miami Herald.
Commissioner Francis Suarez began pushing for the trust fund several months ago as the South Florida Regional Transportation Authority sought $69 million from public entities to bring Tri-Rail trains downtown, the report said.
The legislation approved Thursday ensures that 20 percent of any unrestricted, one-time payment to the city of at least $500,000 will go into the trust fund, according to the Miami Herald.
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