Angela E. Gompert

The Board reviewed financial statements through January 2023, discussing accounting expenses, outside services, fuel costs, and utilities. The FY24 proposed budget of $8,088,000 was presented and approved. Ridership comparisons for calendar year 2022 were shared, showing a 12.78% increase from 2021. Updates were provided on the Fixed Route Technology Upgrade project, Lobster Alley property rehabilitation, and the West Tisbury Town Hall charging infrastructure. The new bus shelter in front of the Hospital, provided by MassDOT, was also noted.

This document outlines VTA's plan for fleet electrification and charging, aiming to transition to an all-electric public transportation system. The plan focuses on electrifying vehicles, developing comprehensive charging infrastructure including in-ground inductive charging, integrating local solar energy generation, and implementing energy storage systems. Key objectives include enhancing service reliability, reducing operational costs and emissions, improving the rider experience, and ensuring operational continuity through advanced charging solutions.

This report presents a vision for the future of Massachusetts' Regional Transit Authorities, outlining recommendations across five strategic categories: Investment & Performance, Accountability, Service Decisions, Quality of Service, and Environmental Sustainability. The plan aims to stabilize, modernize, and improve RTAs to provide robust, reliable, clean, and efficient public transportation, thereby fostering economic development, job creation, and environmental sustainability across the Commonwealth.

The meeting included discussion regarding the election of a Chair and a Clerk, with a tentative deadline for filling vacant seats. A key topic was year-round employee housing, focusing on the potential purchase of property at 25 Lobster Alley in Tisbury, including specifications to the agreement between VTA and IHT. The board discussed a Purchase and Sales Agreement, subject to approval, between VTA and IHT for the property. The board compared FY22 vs FY19 ridership, farebox revenue, marketing efforts to increase ridership, and the issue of CDL driver shortage.

The meeting addressed financial performance, ridership trends, and upcoming initiatives. The board reviewed draft financial statements through June 2023, discussing increased costs in purchased transportation, fringe benefits, and outside services. The VTA's financial stability was confirmed, despite a discrepancy in cash on hand reporting. Ridership for Fiscal Year 2023 showed a 16.51% increase over the previous year. A fare-free program was proposed from November 2023 through March 2024 to encourage ridership. Capital projects, including the West Tisbury Town Hall and Church St., Edgartown, were updated, and renovations at Lobster Alley were discussed. A sub-committee was formed to review the Staffing & Compensation report, and board members were reminded to complete the State Ethics training by 12/31/23.