Port Authority adopts an operating budget and capital budget each year. The Authority's fiscal year runs from July 1 through June 30.
The operating budget shows Port Authority's day-to-day expenses and revenues. This relects the expenses of providing bus, light rail, ACCESS and incline service, including fuel, labor costs, retiree benefits and utilities. It also shows revenue from fares, advertising and university contracts as well as state and county funding.
The capital budget is separate. This budget reflects how Port Authority maintains its extensive system, including 26 miles of light rail tracks, nearly 15 miles of busways and roughly 800 vehicles. Major projects such as the North Shore Connector light rail extension and East Busway paving are paid for with capital budget dollars, not operating dollars.
Money in the capital budget comes from federal, state and county grants that are dedicated for capital projects, not daily operating costs. By law, most capital money may not be used to help balance the operating budget.
An operating deficit of approximately $64 million was originally projected for Port Authority's Fiscal Year 2012-2013 budget. Unprecedented 35 percent service reductions were avoided thanks to cost-savings gained from a new contract with Amalgamated Transit Union's Local 85, the union that represents Port Authority vehicle operators and many other employees.
However, contract savings are only one piece of the operating deficit puzzle. While Port Authority’s service is currently stabilized, a transportation funding strategy must be developed and implemented so that we can continue to provide safe and reliable public transit that meets the needs of our region’s residents.
State and local leaders have indicated that they will work on the transportation funding issue in 2013, and Port Authority is hopeful that a long-term and sustainable solution will result.
View a Fiscal Year 2012-2013 budget presentation. (Note: This presentation reflects the originally proposed 35 percent service reduction, which has since been canceled.)
Note: All documents below are PDFs and open in a new window.
These may take up to several minutes to download due to their large size.
2013 Budget Book (updated Oct. 29, 2012)
2012 Budget Book (~ 63 MB) / FY 2011-2012 Budget Presentation
2011 Budget Book (Note: This book reflects the originally proposed 35% service reduction.)
2010 Budget Book
2009 Budget Book
2008 Budget Book
2007 Budget Book
2006 Budget Book
2005 Budget Book: Not Available*
2004 Budget Book
2003 Budget Book
2002 Budget Book
2001 Budget Book
2000 Budget Book
1999 Budget Book
1998 Budget Book
1997 Budget Book
*Adoption of the Fiscal Year 2005 budget was deferred due to undetermined state funding. Port Authority operated on a continuation spending budget for the entirety of FY 2005, which meant that spending levels were kept the same or less than the year before. The 2005 budget was not officially adopted until Port Authority's 2006 budget was also adopted, thus a 2005 budget book was never prepared.
Additional Financial Information