Docket B15-01: Proposed FY2016 Fare and Fee Adjustments and Docket B15-02: Proposed FY2016 Capital Improvement Program and Federal FY2015 Grant Applications; April 7, 2015
Next fiscal year's budget that begins July 1 is comprised of both the operating budget and the capital budget which funds the purchase of new trains and buses, station upgrades and other important improvements. And while it doesn't include a fare increase or service cuts, there are some proposed changes.
Metro has collected your comments and will provide them to the Board of Directors who will make a decision in the spring.
Understanding Metro's Operating Budget
Metro's projected expenses to operate buses, trains and paratransit for next year are approximately $1.7 billion. The fares paid by riders cover roughly half the cost of operating the system, along with a small amount of additional funding from advertising, joint development and other sources. The remaining funding comes from the state and local governments that participate in Metro.
Understanding Metro's Capital Improvement Program
Metro is proposing to invest $1.1 billion in the safety and reliability of the system next year through the Capital Improvement Program (CIP). The CIP budget is focused on safety improvements, the rebuilding of the Metro system, and improving the effectiveness of the current rail and bus networks.
Significant investments planned for the coming year include:
In addition to these investments, Metro will continue to make investments in Metro 2025 capital projects. Investments to prepare for increased 8-car train operations include 220 expansion rail cars, continued upgrades to traction power systems, installing new power cables and activities to add capacity at rail yards.