4.2. SR 12-16-2002 - Laserfiche WebLink

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The new schedule will remove the arbitrary caps on fees that protect owners of more expensive cars from paying the same proportional amount as people with less expensive cars. The ne w schedule will speed up vehicle depreciation, allowing fees to reflect real-world value. For example, fees for a six-year-old car would be based on' 40 percent of the car's initial value instead of the current 75 percent. The new schedule will be phased in so that no one would pay more for a vehicle than in the previous year. Comparing this new schedule ro current law, a car valued at $20,000 and held for 10 years will result in lower license tab fees for three years, more for six years and the same amount for one year. The largest license tab increase in one year will be $76 (in the third year) and the largest decrease in one year will be $25 (in the ninth year). 2003 Capital Project Priorities The Metro Transitways Devdopment Board has prioritized the various transit projects and is requesting the 2003 Legislature to provide $138.2 million for the region's priority corridors: ~ Northstar-- $123.2 million for final design, construction and right-of- way acquisition ~ Central -- $10 million for final environmental impact statement and prehminary engineering ~ Red Rock-- $1 million for prehminary engineering and environmental review ~ Cedar -- $3 million for environmental review and prehminary engineering ~ Rush Line-- $1 million for bus improvements and park and ride facilities What We Also Support The Board supports the MnDOT request for the Midwest Regional Rail project (high-speed rail from the metro area to Chicago) and the Metropolitan Council request for the Northwest Busway. The board supports a sales tax exemption on rail rolling stock, buses, construction costs and raft fuel. And the board supports a clarification of liability issues and insurance requirements relating to the construction and operation of commuter raft. Who We Are The Metro Transitways Dexelopment Board is comprised of regional railroad authority representatives from the seven-county metro area. Formerly known as the Metro LRT Joint Powers Board, we've been working on transitway development since 1992. We have changed our name to more accurately reflect what we do -- supporting the development of a comprehensive transit system that includes commuter raft, LRT and busway options. The Metro Transitways Development Board works to provide a coordinated regional approach to raft and transit development, from policy creation to legislative proposals. Our counties represent an important source of initiative and capital financing for transitway projects. We are also key to coordinating roadway and transit improvements in our communities. Hennepin County Commissioner Peter McLaughlin chairs the board. The other members are Anoka County Commissioner Paul McCarron (vice-chair), Ramsey County Commissioner Susan Haigh (secretary), Carver County Commissioner John Siegfried, Dakota County Commissioner Paul Krause, Scott County Commissioner Art Bannerman and Washington County Commissioner Myra Peterson. For le~slative information contact Ross Kramer or Bill Schreiber at (651) 228-9757. For media information contact John Manning at (952) 897-8209. For ge neral information contact Kathy DeSpiegelaere at (651) 266-2762. November 2002