Community Transit budget documents are provided to give easy access to important information about agency revenues, expenditures and financial status.
The 2017 Budget (PDF) was approved by the Board of Directors on December 1, 2016.
The 2017 Budget reflects the agency's first full year of funding from 2015’s Proposition 1, with sales tax revenue expected to grow by $19 million in 2017.
Funding will go towards:
The agency's 2017 Budget assumes operating revenue of $172 million, with operating expenses of $134 million and funding for the capital projects.
Previous years' financial documents are available below.
Community Transit's primary funding comes from a voter-approved 1.2 percent sales tax within the service district. That’s 12 cents of every $10 taxable purchase.
Sales tax revenue usually accounts for 65 to 70 percent of Community Transit’s operating budget. Rider fares account for about 20-25 percent of the operating budget, and grants, advertising and interest make up the remainder of operating revenues.
Source: 2017 Proposed Budget