Financial Information

SBCTA is proud to have been awarded the Distinguished Budget Preparation Award by the Government Finance Officers Association (GFOA) for the past eighteen years. The Fiscal Year 2024/2025 budget continues to conform to the GFOA program requirements and strives to maintain the high standards established by the organization.

The Fiscal Year 2024/2025 Budget contains projections and program overviews, Supplemental Information that presents the task level detail with objectives and accomplishments, and a map and master schedule for each capital project. Goals and objectives for Fiscal Year 2024/2025, budget summaries, and revenue overview are included in the budget document.

Other budget facts for 2024/2025:

• The total budget for Fiscal Year 2024/2025 is $1.073 billion, representing a 7.51% decrease from the prior year. This is primarily due to the State Route-210 being completed, Interstate-10 nearing completion, as well as a decrease in the expected Local Transportation Funds carryover balance.
• Major Projects expenditures outpace other programs at $432.9 million mainly due to several freeway, interchange, and bridge replacement projects in design and continuing to move through construction, including but not limited to Interstate 10 (I-10) Corridor Contract 1, I-10 Corridor Contract 2, Interstate 15 (I-15) Corridor Contract 1, Interstate 215 University Parkway Interchange, I-10 Mount Vernon Avenue Interchange, and bridge replacements including Mount Vernon Viaduct and North First Avenue Bridge in Barstow.
• New revenues are projected at $887.4 million. Fund balance from various funds in the amount of $171.6 million and commercial paper issuance of $20 million will cover the variance between estimated revenues and appropriations.