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Authority reviews finances: $189 million YTD revenue, $18 million reserve; bond project pool under evaluation
Summary
Staff presented updated revenue and distribution data, reported a funded working capital reserve of $18 million funded by interest income, and said finance staff and committees are evaluating a candidate bond pool submitted by jurisdictions.
CBTA staff presented the authority’s updated financial picture, including year-to-date revenue, distributions, operating expenses and an update on the working capital reserve and candidate bond pool.
Staff reported year-to-date revenues of $189,000,000 for the fiscal year period cited in the packet (June 2024–March 2025). In the period described, sales and use tax accounted for about $142,000,000 (75% of the amount cited) and the local fuels tax about $47,000,000 (25%). Under the distribution formula adopted by the authority, staff reported that 50% (about…
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