Board of Directors Passes Fiscal Year 2024/2025 Budget

June 11, 2024

As the Fiscal Year 2023/2024 winds down, the SBCTA Board of Directors approved a balanced budget for Fiscal Year 2024/2025, set to begin July 1, 2024.

SBCTA’s budget process includes a review of the Board’s direction as it relates to short-term goals and how it integrates with the agency’s long-term goals and objectives. As part of this review, staff analyzes the resources available to help meet the short-term goals as set forth in the fiscal year budget.  For purposes of preparing an annual budget, San Bernardino Council of Governments (SBCOG) is a blended component unit of SBCTA, and its estimated revenues and appropriations are reflected in the proposed budget.  Fiscal Year 2024/2025 estimated revenues are $887,392,697, carryover balances are $171,623,031, and commercial paper is $20,000,000, which together are used to fund the appropriations proposed at $1,072,762,927, and transfers are $133,587,869. 

A number of high priority projects are scheduled to come online in Fiscal Year 2024/2025, such as the arrival of the Zero-Emission Multiple Unit (ZEMU) operating within the Metrolink Arrow Service, the Interstate 10 / Cedar Avenue Interchange project, as well as the opening of the Interstate 10 Express Lanes from the Los Angeles County line to Interstate 15. 

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