The SamTrans Board of Directors made history on Wednesday when they approved the first biennial budget cycle in the transit agency’s over four decades of operation.
The budgets are for fiscal years (FY) 2024 and 2025 and cover both operating and capital expenses. This is how they’re broken down:
|
Fiscal Year |
Operating Expenses |
Capital Expenses |
|
FY 2024 |
$264.5 million |
$187.9 million |
|
FY 2025 |
$273.3 million |
$67.1 million |
“These budgets reflect the board’s commitment to providing safe, reliable, and affordable transit service to our community,” said SamTrans Board Chair Josh Powell. “This wouldn’t be possible without the support of SamTrans riders, employees, and our elected officials.”
The budgets include funding for key initiatives, including:
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Expanding mobility with new Ride Plus microtransit service in Half Moon Bay and East Palo Alto/Belle Haven neighborhood of Menlo Park.
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Pushing toward a zero-emission fleet with new battery electric and hydrogen fuel-cell electric buses, plus charging and fueling infrastructure.
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Implementing Reimagine SamTrans, providing better bus service with more direct routes to improve connectivity and frequency.
The district is excited to focus on the next phases of Reimagine SamTrans that call for more bus services within San Mateo County, more service on weekends and midday or evening, and new routes to community colleges. Ride Plus is also part of this effort.
“We now have a two-year fiscal window to focus on increasing access and mobility, reducing congestion, and promoting economic vitality in San Mateo County,” said SamTrans CEO April Chan. “Passage of these budgets ensures SamTrans can continue its mission of providing high-quality, safe, and reliable transit services, enhancing the quality of life for all residents.”
In addition, the agency has budget authority to focus on key goals, including employee retention, maintaining a diverse workforce, and strategic planning.
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About SamTrans: SamTrans operates 70 routes throughout San Mateo County. Funded in part by a half-cent sales tax, the San Mateo County Transit District also provides administrative support for Caltrain and the San Mateo County Transportation Authority. SamTrans has provided bus service to San Mateo County customers since 1976.
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Media Contact: Randol White, 650-647-3489