Will there be any changes to fares?
No. We just experienced a fare change in September and those fares are to remain in effect in FY16.
Will there be any changes to bus and rail services?
No changes to bus service are anticipated. Rail service will increase in FY16 with the opening of Expo II to Santa Monica and Gold Line Foothill Extension to Azusa.
What will the FY16 budget fund?
In addition to bus and rail service, the FY16 budget will fund new transit and highway infrastructure, local streets and road improvements, bike and pedestrian improvements, and new technology.
How big is the FY16 budget and where does the money go?
The proposed budget is estimated at $5.5 billion. Metro’s budget is made up of revenue sources that are designated for specific purposes.
38% Capital Construction
26% Transit Operations
25% Local communities and transit operators
6% Debt Service
3% General Planning & Programming
2% Congestion Management
Where does the money come from?
Metro relies on about 145 different funding sources to balance the budget. About 49% comes from sales and gas tax revenues, 23% comes from federal, state and local grants, 8% from fare revenues and others (including toll revenues, advertising, real estate, and other miscellaneous sources) and the remaining 20% is from bond proceeds and carryover amounts that have already been programmed and committed for specific programs or projects.
Why is Metro spending so much on Capital Projects?
Measure R is a ½ cent sales tax that was approved by voters in 2008. The ordinance includes a list of specific voter approved transit capital and highway projects that must be funded with the tax revenues.