TriMet board approves payroll tax increase



TriMet board approves payroll tax increase

While the Alliance supports TriMet’s cost efficiency measures and the importance of increasing transit service, especially to employment centers, it raised concerns about the substantial increase, which can be significant for many employers.
TriMet’s board of directors voted to raise the employer and self-employed payroll tax by one-tenth of 1 percent over 10 years. The payroll tax provides about 60 percent of TriMet’s operating revenue. While the Alliance supports TriMet’s cost efficiency measures and the importance of increasing transit service, especially to employment centers, it raised concerns about the substantial increase, which can be significant for many employers. In response to our concerns, TriMet agreed to revisit the increase in 2020. If it's already collecting enough to fulfill the goals laid out in the regional transportation policies, the agency will consider delaying future increases. The increase will go into effect in January 2016. Read the testimony.