Budget & Financial Information

Community Transit financial documents are provided to give easy access to important information about agency revenues, expenditures and overall financial status.

Proposed 2018 Budget

Community Transit continues to deliver on its promise to provide more service, more often to more places. That is evident in the 2018 Proposed Budget v2 (PDF). 

The Proposed 2018 Budget allocates agency resources to strategic priorities, including those initiatives to support service expansion, and ensures adequate reserves to protect customer services in the event of an economic downturn.

This budget proposal projects a 9 percent increase in sales tax revenue over 2017 while expenditures will grow at 5.5 percent.

Funding will go towards:

  • New bus service, more buses, and more employees to drive and maintain those buses.
  • New capital projects, most notably the Swift Green Line between Bothell/Canyon Park and Boeing/Paine Field.
  • An ambitious capital program that includes:
  • Purchase and delivery of 32 new buses, including 6 Double Talls, as well as 84 vanpool vans (54 replacement and 30 expansion) and 15 DART paratransit replacement vehicles..
  • Construction of 34 Swift Green Line stations and road improvements.
  • Completion of the Seaway Transit Center and 128th Street widening project.
  • Work to upgrade the agency’s wireless communication system.
  • $10 million set aside for future base expansion to meet service expansion needs.

The Proposed 2018 Budget assumes operating revenue of $184 million, including operating expenses of $142 million and $42 million for capital projects.

Budget Documents

The annual adopted budget provides detail of Community Transit's plans and projections for the current fiscal year. This includes agency operating revenue, department-level expense budgets, capital projects and other non-operating activity. The Board of Directors adopts an annual budget in December of the preceding year. Each spring, the board adopts an amended budget updating that year's projected revenues and expenses. 

2018 Proposed Budget v2 (PDF)
2017 Adopted Budget (PDF)
2016 Budget Amendment (PDF)
2016 Budget (PDF)

 

Comprehensive Annual Financial Reports

Comprehensive Annual Financial Reports (CAFRs) provide audited financial information for past years, including financial statements, grants, key performance indicators, comparative financial information and economic data. Each spring, the agency publishes the previous year's audited CAFR.

2016 Comprehensive Annual Financial Report (PDF)
2015 Comprehensive Annual Financial Report (PDF)
2014 Comprehensive Annual Financial Report (PDF)

Sales Taxes Support Transit

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 typically 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.

2017 sales tax chartSource: 2017 Budget