ATLANTA — The city of Atlanta and the Metropolitan Atlanta Rapid Transit Authority reached an agreement to resolve the ongoing dispute regarding the More MARTA Atlanta sales tax proceeds used for enhanced bus service.
Under the agreement, a total settlement payment of $52 million represents the full and final resolution of all disputed amounts related to the More MARTA Atlanta sales tax proceeds allocated for enhanced bus service, which was the subject of the City’s 2023 audit of the More MARTA Atlanta program.
MARTA previously transferred $19.37 million from the MARTA Reserve Account to the More MARTA Atlanta Reserve Account. Under the settlement, MARTA will transfer the remaining $32.63 million to the More MARTA Atlanta Reserve Account, which is held by MARTA in administration of the More MARTA Atlanta program, in monthly installments no later than Aug. 31, 2028.
These funds will be available to further support More MARTA Atlanta future projects and many other priorities.
The agreement follows several years of review and discussion between the City and MARTA regarding the allocation of More MARTA Atlanta funds for enhanced bus service. With the matter resolved, both organizations are focused on strengthening their partnership and advancing the transit investments Atlanta voters approved through the More MARTA Atlanta program.
Be the first to comment