We provide our financial documents so you can easily access important
information about Community Transit’s revenues, expenditures,
and overall financial status.
The $200.1 million operating budget enables the agency to fulfill the commitment to deliver excellent service. The capital budget grows to $227.4 million in 2023 for investment in fleet and facilities to help meet future demand and prepare for light rail coming to Snohomish County.
The annual adopted budget provides details 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 activities.
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.
Listed below are documents for the past five years.
Annual Comprehensive Financial Reports 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 report.
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.