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Legislation Details
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Type:
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Informational Report
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Status:
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Agenda Ready
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On agenda:
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3/19/2026
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Final action:
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Title:
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RECEIVE AND FILE the Fiscal Year 2027 (FY27) Budget Development Status Update.
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Indexes:
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"Hot Spots" Program, Access Services Inc., Active Transportation Program, Americans With Disabilities Act, Amtrak, Budget, Budgeting, Bus rapid transit, Call For Projects, Capital Project, Claremont, Congestion Reduction Demonstration, Construction, Construction Support, Enhanced Mobility of Seniors and Individuals with Disabilities Program, Formula Funds, Funding plan, Gold Line Foothill Extension 2B, Grade separations, Grant Aid, High speed rail, Informational Report, Inglewood, Inglewood Transit Connector Project, Interchanges, Labor, Light rail transit, Link Union Station, Local Returns, Low-Income Fare is Easy (LIFE), Measure M, Measure R, Metro ExpressLanes, Metro Rail A Line, Metro Rail D Line, Metro Vision 2028 Plan, Metrolink, Metrolink Antelope Valley Line, Multimodal, Olympic games, Outreach, Palmdale, Paratransit services, Pomona, Program, Project, Project delivery, Railroad commuter service, Regional development, Ridership, Safety, Senate Bill 1, South Bay Cities subregion, South Bay Service Sector, Southern California Association Of Governments, Southern California Highways, Strategic planning, Subsidies, Tolls, Transit operators, Transit Oriented Development, Transit Oriented Development Planning Grant Program, Transit Pass, Transportation Development Act - Article 4, Transportation Development Act of 1971
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Meeting_Body FINANCE, BUDGET, AND AUDIT COMMITTEE MARCH 19, 2026 Subject SUBJECT: FISCAL YEAR 2027 BUDGET DEVELOPMENT STATUS UPDATE Action ACTION: RECEIVE AND FILE Heading RECOMMENDATION Title RECEIVE AND FILE the Fiscal Year 2027 (FY27) Budget Development Status Update. Issue ISSUE This report continues the monthly updates to the Board on the FY27 Budget Development process, culminating in a planned May 2026 Board Adoption. This report focuses on the following programs: * Transit Infrastructure Development * Highway Multimodal Development * Regional Rail Programs * Regional Allocations & Pass-Throughs Additionally, an update on Metro's comprehensive budget outreach efforts is included. Metro's diverse portfolio of major infrastructure projects is included in Transit Infrastructure Development, Highway Multimodal Development, and Regional Rail Programs. The projects in these programs rely on federal and state funding as well as the local funds generated through the four local sales taxes. Amidst the fiscal uncertainty in FY27, Metro remains committed to delivering projects that expand the region's transit network, provide better connectivity, broaden access to destinations, and reduce travel times. The FY27 Budget Development process is on-going even as this report is being generated. All FY27 budget amounts presented in this report are preliminary and are subject to change as additional information unfolds. Background BACKGROUND The annual budget request reflects the twelve-month financial cash flow needs required for advancing through each project's development phase. It serves to monitor the cash flow requirements for activities in each project phase and considers factors such as the existing level of Board authorization, the respective project delivery schedules, and the identification of eligible and available funding sources. These sources may include federal, state, and local grants, sales taxes, and various financing mechanism... Click here for full text
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