Five things to know about Metro’s proposed $6.1-billion budget for coming fiscal year

The proposed budget is above (pdf here) and covers the 2017-18 fiscal year that runs from July 1 through June 30, 2018. A presentation is below (pdf).

Here are the basics from Metro’s budget staff:

•The $6.1 billion budget proposed by staff is just 1.4 percent higher than last year’s budget.

•The proposed budget keeps service hours the same for Metro buses and increases service hours by 11 percent for Metro Rail — with more new rail cars in service and funding for extra service for special events.

•The two largest expenses for the agency are building new projects (36 percent of the budget) and transit operations (28 percent of the budget). See the pie chart in the presentation below.

•There is an increase in the funding Metro supplies to other transit agencies in L.A. County, Metrolink and local cities.

•In the coming fiscal year, Metro will continue construction of the Crenshaw/LAX Line, the Regional Connector and the Purple Line Extension’s section one (Wilshire/Western to Wilshire/La Cienega) and section two (Wilshire LaCienega to Century City). Work is also planned to begin on the Airport Connector station that will connect Metro Rail to the future LAX people mover and for the Gold Line Foothill Extension to Claremont. 

We want to hear from you. Public comments on the budget can be emailed to budgetcomments@metro.net or mailed to Metro – One Gateway Plaza, 99-24-1, Los Angeles, CA  90012. The deadline for comments is 5 p.m. May 12.

A public hearing on the budget will be held at 1 p.m. on Wednesday, May 17, at Metro Headquarters in the third floor Board Room, One Gateway Plaza, Los Angeles, CA, 90012. Metro HQ is located adjacent to Union Station and can be reached via the East Portal.

4 replies

  1. Great! Love to see the start of the two new projects, the Airport Connector and The Gold Line to Claremont. With these lines along with the Crenshaw line and the Regional Connector Los Angeles’ rails could see a big jump in ridership numbers.

  2. Could you explain the debt service? How much of that is principle and how much is interest? What happens when interest rates rise?