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Austin Transit Partnership approves FY26 budget, investment policy and interlocal agreements; adopts audit plan and charter amendments
Summary
At its Sept. 17 meeting, the Austin Transit Partnership board unanimously adopted its fiscal year 2026 budget and investment policy, approved interlocal agreements with the City of Austin and CapMetro, extended a MetroRapid funding agreement to Sept. 30, 2026, and adopted its audit plan and internal audit charter amendments.
The Austin Transit Partnership board on Sept. 17 unanimously approved its fiscal year 2026 budget and investment policy, authorized interlocal agreements with the City of Austin and CapMetro for real-estate acquisition and capital funding, extended an existing MetroRapid interlocal agreement through Sept. 30, 2026, and adopted the internal audit plan and amendments to the audit charter.
Board adoption of the FY26 budget and related interlocal agreements funds continued work on the Austin Light Rail program and several companion projects. Brian Rivera, chief financial officer, told the board staff recommended a change to appropriations tied to the CapMetro project fund after additional costs for CapMetro-led components were identified during August negotiations. The change raises certain appropriations from $99,000,000 as proposed in July to $105,000,000 across capital funds, Rivera said. He also said ATP expects approximately $185,000,000 in Proposition A revenue for the coming fiscal year and…
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