FY25 Proposed Budget

The Transit Property Tax Levy (including State backfill funds), estimated at $4,247,200, will be transferred into the Transit fund from the General fund in fiscal year 2025. Combined with funding from other governments, $10,921,900 of the $12,175,500 in revenues and transfers in (not including reserve transfers) or 89.7% is from sources of revenue not generated by transit operations. This is higher than fiscal year 2024 funding due to City piloting fare free revenue starting in fiscal year 2024. Expenditures: Fiscal year 2025 budgeted expenditures represent a 21.25% decrease from the fiscal year 2024 revised expenditure budget. The decrease is due to capital outlay expenses to replace 4 buses in fiscal year 2024.

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