SamTrans Board of Directors Passes Operating and Capital Budgets

SamTrans Board of Directors Passes Operating and Capital Budgets

 

The San Mateo County Transit District Board of Directors unanimously approved the Fiscal Year (FY) 2019 Operating and Capital Budgets at its regular board meeting on Wednesday, June 6. 

The Board of Directors adopted the SamTrans’ FY2019 Operating Budget in the amount of $159.2 million. The operating budget supports the day-to-day management of District services including new bus service for the Millbrae Transit Center and San Francisco Airport, and employment centers.  In addition, the budget includes funding for outreach in connection with the Youth Mobility Plan and the new SamTrans Mobile App.  The District is on track to have a new mobile application for SamTrans by September, which will provide trip planning and allow our customers to purchase tickets from their smartphones.  Also, the District is entering into important partnerships to study new mobility options and to develop programs to increase effectiveness and cost-efficiency.

Along with passing the operating budget, the District’s Board of Directors also approved the fiscal year 2019 capital budget of $7.3 million. 

In order to mitigate this year’s anticipated budget deficit and reduce the allocation of the District’s sales tax revenues for capital projects, the board agreed to substantial cuts to a number of originally proposed operating and capital projects. While these cuts will lower the District's deficit, they also constrain the District's ability to provide services to its ridership; increase deferral of certain important maintenance work, and impact the District's ability to provide fully functional work environments for staff.

This balanced budget allows the District to pursue and advance the main goals of its Five-Year Strategic Plan. Those include the achievement of financial integrity, improvement of multimodal transit services, investment in land use opportunities and ongoing refinement of business practices

The District’s FY 2019 Operating Budget begins July 1, 2018 and ends on June 30, 2019.

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About SamTrans: SamTrans operates 71 routes throughout San Mateo County.  Funded in part by a half-cent sales tax, the San Mateo County Transit District also provides administrative support for Caltrain and the San Mateo County Transportation Authority. SamTrans has provided bus service to San Mateo County customers since 1976. 

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SamTrans News 

Media Contact: Matthew Wilson, 650-622-7850