Budget & Financial Information | Community Transit

Budget & Financial Information

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

Approved 2023 BudgetCover Image of Proposed 2023 Budget document

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 2023 budget includes funding to:

  • Establish a new transit security officer program, add service ambassadors, and maintain a social worker program.
  • Expand facilities to support future service growth, expand the Swift bus rapid transit (BRT) network, and strengthen local connections within the county, including access to new light rail stations.
  • Improve reliability for riders with flexible and responsive service delivery and update digital tools to give riders more accurate scheduling information.
  • Engage with communities to ensure the services we provide are equitable and meaningful to those who use them.
  • Begin testing zero-emission transit vehicles.
  • Continue to aggressively recruit and retain a qualified workforce.

Budget Documents

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 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. 

2022 Adopted Budget (PDF)
2020 Adopted Budget Notebook (PDF)
2019 Adopted Budget (PDF)
2018 Adopted Budget (PDF)
2017 Adopted Budget (PDF)
2016 Budget Amendment (PDF)

Annual Comprehensive Financial Reports

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.

 

2021 Annual Comprehensive Financial Report (PDF)

2020 Annual Comprehensive Financial Report (PDF)
2019 Annual Comprehensive 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.