FY25 Proposed Budget

Long-term Projections:

The Transit Fund revenues in fiscal year 2024 & 2025 are higher due to receipt of grant funding to replace buses. Transit Fund revenues are projected flat for future years with any increases coming from growth in the Transit Property Tax Levy transfer in. Transit Property Taxes are projected with 3% taxable valuation growth in fiscal years 2026 through 2029. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually. Expenditures in fiscal year 2024 & 2025 are higher due to Capital Projects Fund transfers out for a new Transit Facility and replacement of buses.

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