Community Transit financial documents are provided to give easy access to important information about agency revenues, expenditures
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:
Download a PDF of the 2020 Proposed Budget.
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.
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:
Download a PDF of the 2019 Adopted Budget.
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.
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.
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
Source: 2019 Budget