The final transit asset management rule became effective October 1, 2016. The rule applies to almost every transit provider in the region. Per the rulemaking, the accountable executive for each provider was to set performance targets for fiscal year 2018 (FY 2018) by January 1, 2017. Subsequent FTA guidance has provided additional latitude in target-setting based on the transit provider’s fiscal year.
TPB staff have collected the performance and targets from each provider in the region and have developed a matrix of reporting entities and their current performance targets to propose as the target setting for the metropolitan planning area by the TPB. The board received a briefing on the draft targets in April, with approval scheduled for May 2017.
Regional Targets for Transit Asset Management - 2017 Report