Tag: Coast RTA budget

Coast RTA Funding in Jeopardy

Funding for Coast RTA was almost removed from the Horry County budget for next fiscal year during last week’s Horry County Council budget retreat.

A motion to remove funding from Coast RTA was made and seconded and was only stopped by the intervention of council chairman Mark Lazarus.

Lazarus convinced his fellow council members the most recent Coast RTA update on its funding agreement with Horry County should be heard by the Administration Committee before a vote to remove the agency funding is considered.

Coast RTA Asking County for Specifics

Coast RTA is asking Horry County Council to give specifics in writing defining “good faith effort” as it relates to the council’s prior request for increased representation on the Coast RTA board.

This request for increased representation held up initial approval, by council, of FY 2014 fourth quarter funds for Coast RTA of approximately $263,000.

The population of the Coast RTA board is determined by current state law. County council currently gets to approve one board member, council member Gary Loftus at this time.

County council would like to appoint three members to the Coast RTA board, which it believes to be in line with its grant contributions of approximately $1.06 million per year (six-tenths of a mill) to the Coast RTA budget.

Coast RTA Budget, Horry County and Communication

The controversy generated by a county budget amendment regarding a Coast RTA revenue grant, added during third reading of the Fiscal Year 2014 county budget, appears to be the result of lack of communication between county and Coast RTA officials.

A two hour meeting with Coast RTA officials last week revealed how the potential loss of a county payment to Coast RTA of $263,758, for the fourth quarter of Fiscal Year 2014, would result in a total loss to Coast RTA of $599,733.

The potential loss of the county grant payment costs Coast RTA an additional $236,523 in matching federal funds, $50,000 in ad revenue and $49,460 in lost passenger fares from two routes that will be cut, Entertainment Express and Airport to Ocean Boulevard. The Coast RTA budget, submitted to the Federal Transportation Authority must reflect these potential cuts.