The Regional Transportation District (RTD) Operation bill, House Bill 21-1186, has passed both the House and Senate. The Senate passed the bill on its third reading with no amendments earlier this month.
The RTD Bill will provide greater flexibility to RTD to lower fares and take advantage of new revenue sources.
The bill will do the following:
- Remove the requirement for RTD to cover 30% of operating costs through fare revenue. This will allow RTD to reduce fairs in order to boost ridership.
- Allow RTD to develop district properties for retail, commercial or residential purposes.
- Allow RTD to contract with nonprofits and local governments to help lower operating costs.
The revised bill can be read online.