Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Fy2027 topic
No spam. Unsubscribe anytime.
Transit board adopts FY2027 budget; staff cites clean‑vehicle credits and upcoming solar array
Summary
Board approved the FY2027 operating and capital budget, including projected personnel and benefits increases; staff cited anticipated IRS clean‑vehicle credits (~$200,000), state clean‑transportation credits ($50,000–$95,000), and a solar array coming online that may reduce energy costs.
The South Central Regional Transit District adopted its FY2027 annual budget on June 24 after presentations by finance officer Adam Shay and executive director David.
Adam Shay, the district finance officer, presented the proposed operating and capital budgets and staffing lines. He reported personnel costs of about $2.48 million (a roughly 9.5% increase), benefits of about $869,648 (approximately 21.9% increase) and total proposed expenses of approximately $4.48 million (a roughly 13.6% increase over the prior year). Operating revenue was projected at about $4.63 million, leaving a modest reserve of roughly $148,792 under current assumptions.
Staff identified new revenue opportunities related to clean‑vehicle incentives: an IRS commercial clean‑vehicle credit and an alternative‑fuel refueling property credit that Adam said could net about $200,000 in credits plus roughly $21,000 tied to charging property; staff also cited state clean‑transportation credits in the $50,000–$95,000 range as potential additional revenue. Adam and other staff stressed these are estimates and the district had engaged Rosa and others to pursue filings.
Capital program changes included movement of certain capital items across FTA program lines (5311 to 5339) and modest increases in local funding lines. The board also approved two ICIP additions: an augmentation to the Venus project with a recent $75,000 legislative allocation and a small Hatch layover site that staff estimated would cost under $200,000 in total (acquisition <$100,000 plus minor upgrades).
Board members asked about security cost increases, the planned solar array expected to be operational in early August, and ridership growth (staff said ridership is on track to exceed 200,000 annual rides in the near term). The budget resolution passed on a roll call vote.
What to expect next: staff will finalize budget documents, proceed with required procurement and capital steps, and report back on tax‑credit filings and measured impacts of the solar array once it is operational.
