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Capital Metro board OKs 2015 budget

Tuesday, September 30, 2014 by Mark Richardson

The Capital Metro board of directors approved a $322 million budget for Fiscal Year 2015 on Monday, along with the proposed service changes for spring 2015. The new budget will take effect Wednesday. The budget includes $222.8 million for operating expenses, $4.6 million for loan repayments and $12.8 million for interlocal agreements. Additionally, the agency plans to invest $81.9 million in capital projects, mostly through investments in its transportation system. The adopted budget also includes $350,000 for the Basic Transportation Needs Fund, which is designed to increase low-income, transit-dependent individuals’ access to transportation.

 

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