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CapMetro previews FY26 budget amid flat sales‑tax outlook, plans public outreach and September adoption
Summary
Deputy CFO Kevin Conlin told the board the agency is developing the FY26 budget amid a nearly flat sales‑tax outlook; the board will see a budget proposal in July, community outreach continues in August and the board aims to adopt the budget and five‑year CIP in September.
Capital Metro staff gave a high‑level preview of the fiscal year 2026 budget development process and key drivers.
Deputy CFO Kevin Conlin outlined the calendar: staff will present a budget proposal to committees in July, continue community engagement in August and hold a public hearing on Sept. 10 before the board considers adoption of the operating budget and five‑year capital improvement plan in September.
Conlin said sales tax — Capital Metro’s largest revenue source — is effectively flat year‑to‑date through March (down about 0.03% year over year), prompting careful budgeting. He said staff are using a long‑range financial model to balance operating and capital requests over five years and also provided revenue and expense drivers: ridership‑based fare revenue projections, an estimated $48 million in an identified funding category referenced in the presentation, diesel fuel hedging covering roughly 70% of next year’s needs at an estimated $2.30 per gallon, and employee pay‑increase assumptions represented as an agency average.
On capital highlights Conlin listed five priority projects for FY26 and the five‑year CIP including a new North Bay demand‑response O&M facility, the Broadmoor Rail Station, additional park‑and‑rides, bus‑stop improvements and a new administration building at 3100 East 5th Street.
Conlin closed by inviting questions and reminding the board that July will be a key month for committee discussion and public review.
