The SBCTA Board of Directors received a budget presentation from its Chief Financial Officer at the May 1st Board meeting. The budget process takes into account established Board priorities and short term goals, and how those integrate with the agency’s long-term goals guided by voter-approved Measure I.
The proposed Fiscal Year (FY) 2019/2020 Budget of $927 million is the largest the organization has ever considered, representing a 26% increase over FY 2018/2019 and 84% over FY 2017/2018. Influenced by project size and delivery schedule, the budget reflects a range of new activity, including numerous projects SBCTA will be moving into the construction phase of development. The I-10 Corridor Project – Contract 1, U.S. 395 Widening Project, the SR-210 Widening and Baseline Avenue Interchange Project, as well the new Mt. Vernon Avenue Viaduct in San Bernardino highlight the serious demands for transportation investment. Additionally, the Redlands Passenger Rail Project will also begin its initial construction phase.
Looking to the future, as these critical projects continue to progress through construction, we will see additional interchange and other projects move into the construction phase as well. The FY 2020/2021 budget looks to continue the upward trend of historical levels of investment.
The Board of Directors will formally take action on the proposed budget in June.