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TA Adopts FY2021 Budget

TA Adopts FY2021 Budget

 

The San Mateo County Transportation Authority’s (TA) Board of Directors approved a $212 million budget for Fiscal Year 2021 at their September board meeting.

The agency put forward an interim budget earlier this year due to the impact the coronavirus (COVID-19) has had on the finances of the agency. TA staff now have a better understanding of how COVID-19 has affected both the work of the agency and the sales taxes that sustain it, allowing them to craft a complete budget.

Total projected revenue for FY2021 is $228.6 million, an increase of $83.3 million, from the FY2020 forecast. This is due to a one-time $100 million infusion for receipt of grants for the San Mateo 101 Express Lanes Project, which is currently underway. The TA expects to receive $80 million from Measure A and $40 million from Measure W, a decrease of 11.6% from last years’ projections.

The $120 million in Measure A and W funds will go to fund various transportation projects, including Alternative Congestion Relief, Dumbarton, Caltrain, Pedestrian & Bicycle, Local Shuttles, Streets & Highways, Grade Separations and San Mateo County Ferry Service.

The TA FY2021 budget began on July 1, 2020 and ends on June 30, 2021.

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About the Transportation Authority (TA): Created to administer Measure A, San Mateo County’s ½ cent sales tax, the TA provides funding for transportation projects and programs in San Mateo County. In 2004, more than 75 percent of San Mateo County voters reauthorize Measure A for an additional 25 years. In 2018, voters approved Measure W, the San Mateo County Congestion Relief Plan an additional ½ cent sales tax. The TA will administer half the revenue of Measure W and the San Mateo County Transit District will administer the other half to fund and implement the Congestion Relief Plan.

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Media Contact: Dan Lieberman, 650-622-2492