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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 State Auditor further concluded that while collaboration among transit agencies is functioning, the Bay Area’s public transportation systems face mounting structural fiscal pressures that threaten future service levels if sustainable funding solutions are not secured.
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The Société de transport de Montréal, the Toronto Transit Commission, and TransLink have filed a joint pre-budget submission with three clear asks: restore the CPTF, accelerate shovel-ready projects, and make long-term transit funding predictable.
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The approved FY2027 budget totals approximately $101 million.
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Maryland to rebid major bridge contract as the Build America Bureau commits $20 million to accelerate project planning and public-private partnerships across 17 states.
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The plan outlines funding for transit operations, capital projects, and freight and passenger rail initiatives, as state officials seek public input on priorities shaping mobility and infrastructure across the Commonwealth.
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The agencies, San Diego MTS and NCTD - San Diego Railroad, which share a fare system (PRONTO), proposed the changes to help address their respective financial sustainability strategies.
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The Peninsula Corridor Joint Powers Board recently met for a budget workshop, during which staff outlined the significant service reductions Caltrain could be forced to make without new external funding.
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Funding for the purchase of the railcars comes from the nearly $220 million in additional capital dollars Gov. Josh Shapiro allocated in November 2025 to support urgent safety upgrades and infrastructure improvements.
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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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