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The FY2027 operating budget totals $595.7 million and does not include fare increases or service reductions. To balance the budget, PRT is using $44.8 million in capital funding and $15.4 million in operating reserves.
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The board adopted the agency’s fiscal year 2027 budget, approving approximately $64.5 million in spending reductions, including about $53 million in administrative cuts and roughly $11 million in service reductions.
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In reaching its decision, the board considered the District’s mounting long-term structural deficits, with current projections forecasting annual operating deficits of about $50 million beginning in FY 2027-28 and continuing in the years ahead.
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The agency reported that customers took 264 million trips, a 9% increase over FY24 and 16% above budget projections, generating $462 million in passenger revenue.
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Some agencies might suggest they are funded in the public transportation space. Some complain that they are funded too little. I have never heard a public transportation executive proclaim that they are funded too much. And if no public agencies are funded too much, then, by definition, none are funded too little. To steal from Goldilocks’ thinking, they are all funded just right.
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