Budget & Financial Information

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

2020 Budget

2020 Proposed Budget Cover Image Community Transit’s Proposed 2020 Budget projects a 5.4 percent increase in sales tax revenue over the 2019 amended budget, while operating expenditures will increase 4.9 percent. The budget proposal assumes operating expenses of $169.5 million. Capital expense investments will total $75.4 million for new projects.

 

Funding will go towards:

  • Service Expansion: The Proposed 2020 Budget funds expanded service to include schedule improvements that will enhance customer connections, restructure routes to provide better connections between Swift Green Line and surrounding neighborhoods, and possible new routes to serve high-demand areas. The proposed budget calls for more buses and 16 new full-time employees to drive, maintain and support the service expansion.
  • Workforce Growth and Base Expansion: The total bus and paratransit hours of service will increase 5.4 percent, and the agency’s workforce will grow to more than 800 employees to support the increase. The proposed budget will fund the first phase of a base expansion to provide adequate workspace and room for fleet expansion.
  • New and Replacement Buses: The agency will purchase 122 new vehicles: 25 expansion and 97 replacement vehicles. Those include 10 40-foot expansion buses, 15 expansion vanpool vans, 28 replacement buses, 57 replacement vanpool vans, and 13 replacement DART paratransit buses.
  • High Capacity Transit Network: Planning for Swift Orange Line is moving forward and the agency is on schedule to complete the project development phase for the line in 2020. The agency’s third bus rapid transit line is expected to be under construction in 2022 and operational in 2024. In addition to the Swift Orange Line project, the agency will conduct a study for the Swift Blue Line extension, which will extend service into King County to the planned Shoreline Sound Transit Link station.
  • Customer Experience: The agency will continue to focus on customer engagement as it relates to major projects through feedback and research. The budget funds investment in new and convenient methods for people to provide public comment, such as online open houses.


Download a PDF of the 2020 Proposed Budget.


Public Comment 

The Community Transit Proposed 2020 Budget is available online at www.communitytransit.org/budget.

The public can submit comment through Nov. 8.

 

Comments can be sent to:

 

A public hearing before the agency’s Board of Directors will take place at 3 p.m. Thursday, Nov. 7 in the board room at Community Transit’s Merrill Creek Administrative Building, 7100 Hardeson Road in Everett. The board is scheduled to act on final budget proposal on Dec. 5.

2019 Budget

The Community Transit Board of Directors approved the 2019 Budget on Dec. 6, 2018. That budget continues to deliver on the agency's promise to provide more service, more often to more places.

The 2019 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 projects a 7.9 percent increase in sales tax revenue over 2018, supporting a $33.5 million capital program for new projects, including a base expansion.

Funding will go towards:

  • Service Expansion: The 2019 Budget funds new and expanded service, more buses and 49 new full-time employees to drive, maintain and support those buses. The agency’s workforce will grow to approximately 800 employees, while total hours of service will increase by 10 percent.
  • New and Replacement Buses: The agency will purchase 58 new buses; 53 to replace older buses and five to expand the fleet, including two new Double Talls.
  • Swift Green Line: Construction of the Swift stations and road improvements between Bothell and Boeing/Paine Field will be completed, and service will begin on March 24.
  • SwiftOrange Line: Project development will begin on the agency’s third bus rapid transit line that will connect Mill Creek and Edmonds Community College to the planned Link light rail station in Lynnwood.
  • Safety: The budget funds the final phase-in of seven additional deputies to the Transit Police Unit.
  • Base expansion: In 2019, design work will begin on a base expansion project to accommodate more employees and more buses to support ongoing transit expansion.
  • Innovation and Technology: The agency will continue development of a new Voice over Internet Protocol (VOIP) wireless communications system upgrade. Also, it will launch new real-time bus information and rider alert technology tools to make travel easier for customers.

Download a PDF of the 2019 Adopted Budget.

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. 

2019 Adopted Budget (PDF)
2018 Adopted Budget (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.


2018 Comprehensive Annual Financial Report (PDF)
2017 Comprehensive Annual Financial Report (PDF)
2016 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.

Historical sales tax revenue - 2019 Budget

Source: 2019 Budget