Funding GMCA/TfGM receives the following revenue funding to provide for its expenditure.
The table below shows the figures for the last financial year (2016/17) and the forthcoming one (2017/18): 2016/17 (£ million) 2017/18 (£ million) Total Levy 189.3 103.8* Special rail grant 1.8 1.9 Funding from reserves 33.7 134.6 Other grants 11.0 10.5 Total revenue funding 235.8 250.8 *Total Levy in 2017/18 is net of an adjustment of £91.3 million, largely in relation to the reduction of the Transport Levy as a one off refund of GMCA reserves to the ten district councils. Please note all figures are rounded. GMCA has budgeted to spend £250.8 million in total in 2017/18 on transport activities, excluding capital investment. Total Levy GMCA receives funding from several areas. The largest part comes from a levy on the ten Greater Manchester local authorities via council tax. In total, this accounts for £103.8 million in 2017/18. GMCA will therefore receive an average of £37.69 per person in Greater Manchester from the transport levy on council tax.
Special rail grant The Department for Transport (DfT) provides a rail grant to TfGM, which is budgeted to be £1.9 million in 2017/18. This contributes towards the costs that TfGM incurs on rail activities. Funding from reserves In addition, financial reserves and contributions from third parties will provide a further £134.6 million. As noted above, this includes £91.3 million, largely in relation to the reduction of the transport levy as a one-off refund of GMCA reserves to the ten district councils. This will subsequently be rebuilt by increasing the transport levy in future years. GMCA has approved the use of £13.4 million of reserves in 2017/18 to fund activities in relation to Bus Reform and Rail Station Devolution. The balance of funding from reserves is supporting further investment in transport activities, including through the Greater Manchester Transport Fund. Other grants GMCA and TfGM have been successful in securing capital and revenue funding from a number of sources. A total of £10.5 million of this revenue funding is budgeted to be spent in 2017/18. This includes funding for costs to support scheme development and feasibility work on known GMCA priorities, including the development of potential public transport, cycling and walking solutions that will support the city region’s growth agenda