Sep 29th 2014 | Posted in Opportunities, Transportation by Mary Scott Nabers

Government agency budgets are a good place to look for contracting opportunities, and the recently approve Capital Metro $322.2 million budget for Fiscal Year 2015 is no exception. The multi-million-dollar budget for Austin’s regional transportation provider includes $81.9 million in capital projects for the coming year.

Among those capital projects are bus stop accessibility improvements, intelligent transportation systems, rail and tie replacement, rail timber and surface replacement and more.

Cap Metro, which has been operating since 1985, includes bus service, passenger rail, MetroAccess for persons with disabilities, freight rail service and facilities that include seven MetroBike shelters, nine Metro rail stations and some 3,000 bus stops throughout Central Texas.

Capital Metro Board of Directors Approves FY2015 Budget & January 2015 Service Changes

AUSTIN, Texas (Sept. 29, 2014) – The Capital Metro board of directors today approved the agency’s $322.1 million budget for Fiscal Year 2015, along with the proposed service changes for spring 2015. The FY2015 budget will take effect October 1, 2014.

FY2015 BUDGET

By a unanimous vote, the board of directors adopted a $322.1 million budget; which includes $222.8 million for operating expenses, $4.6 million for loan repayments and $12.8 million for interlocal agreements. Additionally, the agency also plans to invest $81.9 million in capital projects, benefiting all of Central Texas. Major investments planned in FY 2015 include:

  • Saltillo track relocation
  • Bus stop accessibility improvements
  • Intelligent transportation systems
  • Replacement of buses and paratransit vehicles
  • East subdivision quiet zone (freight rail)
  • Positive train control
  • Rail and tie replacement program
  • Rail timber and surface replacement program

In addition, the adopted budget includes $350,000 for the Basic Transportation Needs Fund (BTNF). Since 2011, Capital Metro has contributed $1.2 million to the fund. The BTNF was established as a partnership between Capital Metro and One Voice Central Texas to create a fund at the Austin Community Foundation to enhance low-income transit dependent individuals’ access to transportation.

“After years of hard work, careful planning and tough choices, we continue to strengthen our financial position,” said Capital Metro President/CEO Linda S. Watson. “Our FY2015 budget is balanced, our operations are efficient and we are more committed than ever to providing high-quality transit options for Central Texas. We will continue to invest in quality and innovation, which will help us deliver on our promise to our customers and to the taxpayers.”

With the passage of the FY15 budget, Capital Metro is well on the way to meeting its requirements of two months of prior year operating expenses in 2016, as set forth by the Texas Legislature. The projected balance of funds available will stand at $59 million next September at the conclusion of fiscal year 2015.

Capital Metro sought input from the community during the budget development process through numerous involvement opportunities, including public meetings, webinars and online forums, to ensure feedback and suggestions were received.

Capital Metro’s fiscal year runs from October 1 to September 30.

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ABOUT CAPITAL METRO

Capital Metro connects people, jobs and communities by providing high-quality and sustainable transportation choices to Central Texans. Capital Metro provides an average of 113,000 rides each weekday—enough to fill Darrell K. Royal-Texas Memorial Stadium and Disch-Falk Field combined—onboard its buses, trains, paratransit and vanpool vehicles. As the regional transportation leader, Capital Metro is driving progress and investing in the region’s mobility with high-capacity transit solutions like MetroRapid, which will move more people at less cost and with less impact to the environment. Capital Metro is a financially sound and fiscally responsible agency, winning the highest rating for financial transparency from the Texas Comptroller for the fourth straight year. Visit www.capmetro.org for more information.

Mary Scott Nabers

As President and CEO of Strategic Partnerships, Inc., Mary Scott Nabers has decades of experience working in the public-private sector. A well-recognized expert in the P3 and government contracting fields, she is often asked to share her industry insights with top publications and through professional speaking engagements.