Metro - File #: 2025-0183

• File #: 2025-0183
• Type: Public Hearing
• Status: Agenda Ready
• File created: 3/3/2025
• In control: Finance, Budget and Audit Committee
• On agenda: 5/15/2025
• Title: CONSIDER: A. ADOPTING the proposed FY26 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net); 1. AUTHORIZING $9.4 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; 2. AUTHORIZING a total of 11,821 FTEs, of which 9,616 are Represented FTEs and 2,205 are Non-Represented FTEs; 3. AUTHORIZING an average 4% performance-based merit increase for Non-Represented employees. The wage increases for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is an average 4.0%; 4. AUTHORIZING a 5% adjustment to current Non-Represented job pay grade levels to reflect best practice. (see Attachment A); 5. APPROVING the Life of Project (LOP) budgets for new capital projects; new capital projects with LOP exceeding $5.0 million are presented in Attachment B; 6. AMENDING the proposed budget to include any Board approved actions current...
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: 7th Street/Metro Center Station, Accessibility, Agreements, Alignment, Audit, Board approved a Motion, Budget, Budgeting, Bus rapid transit, Capital Project, Cleaning, Cleanliness (Graffiti Abatement), Debt, Disadvantaged business enterprises, Employee benefits, Funding plan, Heating, cooling and ventilation equipment, Light rail transit, Location 99, Los Angeles Union Station, Metro Rail A Line, Metro Rail D Line, Metro Rail E Line, Motion / Motion Response, Non-revenue Vehicle Acquisition, Non-revenue Vehicles, Outreach, Policy, Project, Project delivery, Public Hearing, Rail Fleet Services, Regional transportation, Resolution, Rolling stock, Safety, Safety and security, Small Business Enterprise, Strategic planning, Subsidies, Tariffs, Transit Community Public Safety Department, Transit Homeless Action Plan, Transit safety, Westside Subway Extension/Purple Line Extension Phase 3

Meeting_Body
BUDGET PUBLIC HEARING
FINANCE, BUDGET, AND AUDIT COMMITTEE
MAY 15, 2025


Subject
SUBJECT: FISCAL YEAR 2026 (FY26) PROPOSED BUDGET

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. ADOPTING the proposed FY26 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net);

1. AUTHORIZING $9.4 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals;

2. AUTHORIZING a total of 11,821 FTEs, of which 9,616 are Represented FTEs and 2,205 are Non-Represented FTEs;

3. AUTHORIZING an average 4% performance-based merit increase for Non-Represented employees. The wage increases for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is an average 4.0%;

4. AUTHORIZING a 5% adjustment to current Non-Represented job pay grade levels to reflect best practice. (see Attachment A);

5. APPROVING the Life of Project (LOP) budgets for new capital projects; new capital projects with LOP exceeding $5.0 million are presented in Attachment B;

6. AMENDING the proposed budget to include any Board approved actions currently under consideration from now to the end of the fiscal year (June 30, 2025);

B. APPROVING the Reimbursement Resolution declaring Metro's intention to issue debt in FY26 for capital projects, as shown in Attachment C, with the provision that actual debt issuance will require separate Board approval; and

C. RECEIVING AND FILING response to Board Motion 25 - Addressing Rider Feedback from Telephone Hall.

Issue
ISSUE

California Public Utilities Code Section 130105 requires Metro to adopt an annual budget to manage the revenues and expenses of the Agency's projects and programs. The budget is the legal authorization to obligate and spend funds and to implement Board policy. It includes all operating, capital, planning and programming, subsidy funds, debt ser...