FY27 Proposed Budget

Expenditure Trends

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$-

2024 Actual

2025 Actual

2026 Budget

2026 Revised 2027 Budget 2028 Proposed

Personnel

Services Supplies Capital Outlay

Long-term Projections:

Projected Revenues vs Expenditures

$35,000,000

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

2026 Revised

2027 Budget

2028 Projected

2029 Projected

2030 Projected

2031 Projected

Total Revenues

Total Expenses

The Transit Fund revenues in fiscal year 2026 and 2027 are higher due to the 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 2028 through 2031. 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 2026 and 2027 are higher due to Capital Projects Fund transfers out for a new Transit Facility and replacement of buses.

401