The MVTA is governed by a nine-member board consisting of elected officials or their designees. Each of the seven cities appoints one member to the MVTA Board and one city staff person as an alternate board member. The remaining two seats are filled by a Scott County and a Dakota County commissioner. Another County Commissioner serves as the alternate County representative, while County staff assist the MVTA as members of the Technical Work Group.
The MVTA is funded with a portion of the Motor Vehicle Sales Tax (MVST) - the sales tax paid when new cars are purchased. Through grant applications, the MVTA has received federal funding and regional bond moneys for various capital improvement projects as well.