Master Proposed Book FY2023

The Transit Property Tax Levy (including State backfill funds), estimated at $4,110,999, will be transferred into the Transit fund from the General fund in fiscal year 2023. Combined with funding from other governments, $6,757,266 of the $9,482,856 in revenues and transfers in (not including reserve transfers) or 71.26% is from sources of revenue not generated by transit operations. This is a lower than fiscal year 2022 funding due to the CARES Act and electric bus grant revenue. Expenditures: Fiscal year 2023 budgeted expenditures represent a 30.85% decrease from the fiscal year 2022 revised expenditure budget. The decrease is due to the bus replacement expenditures budgeted in fiscal year 2022.

Long-term Projections:

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