The budget gap is a result of several factors, including lower ridership revenue that is still recovering from the pandemic, the depletion of federal pandemic relief funds, a subsidy credit provided to jurisdictions in 2020, and historic inflation.
RTA Board Approves Regional Operating Budget, 2024-2028 Capital Program
The 2024 budget comes nearly a year after the release of the new regional transit strategic plan, “Transit is the Answer,” which was adopted in February.