This is the second of our posts previewing the budget for the coming 2015-16 fiscal year, which runs from July 1 to June 30, 2016.
Our first post included a good overview of Metro’s budget. The presentation above takes a look at Metro’s spending on transit projects next year, which most notably includes the opening of the second phase of the Expo Line to Santa Monica and the Gold Line Foothill Extension to the Azusa/Glendora border.
But there’s also the continued construction of three other rail projects (Crenshaw/LAX Line, Purple Line Extension Section 1, Regional Connector), the continued acquisition of new buses and light rail vehicles and smaller ongoing projects that are important to riders (i.e. the pedestrian tunnel under Lankershim connecting the NoHo Red Line and Orange Line stations.
The third and fourth slides above are perhaps the most interesting. The half-cent sales tax increase for transportation approved by voters in 2008 (Measure R) is growing Metro’s construction program and expanding the Metro system. Meanwhile the forecasts show another important consideration — the agency’s need to maintain both the existing system and the new buses, rail lines and facilities over time.
Bottom line: it’s a big system, it’s growing and keeping it running isn’t cheap.
Please leave a comment if you have any questions about the language or any particular program and I’ll try to get an answer.