Metro - File #: 2019-0094

• File #: 2019-0094
• Type: Informational Report
• Status: Agenda Ready
• File created: 2/19/2019
• In control: Finance, Budget and Audit Committee
• On agenda: 3/20/2019
• Title: RECEIVE AND FILE FY20 Budget Development Update.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Airport Metro Connector (AMC) Station Project, Alignment, Annual Program Evaluation, Budget, Budgeting, Burbank, Bus rapid transit, Capital Project, Construction, Construction Acquisitions, Construction engineering, Construction Support, Design build, Division 20, Full Funding Grant Agreement, Gold Line Foothill Extension 2B, Highway engineering, Informational Report, Link Union Station, Los Angeles International Airport, Los Angeles Union Station, Measure M, Measure R, Metro Blue Line, Metro Exposition Line, Metro Gold Line, Metro Purple Line, Metro Rail A Line, Metro Rail B Line, Metro Rail D Line, Metro Rail E Line, Metro Rail L Line, Metro Red Line, Metro Vision 2028 Plan, Metrolink, Metrolink Antelope Valley Line, Metrolink San Bernardino Line, Outreach, Program, Program management, Project, Railroad commuter service, Regional Connector Transit Corridor Project, Transit System, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2, Westside Subway Extension/Purple Line Extension Phase 3

Meeting_Body
FINANCE, BUDGET, AND AUDIT COMMITTEE
MARCH 20, 2019

Subject
SUBJECT: FY20 BUDGET DEVELOPMENT UPDATE
Action
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE FY20 Budget Development Update.

Issue
ISSUE
This report is the second in a series of budget development updates leading to the FY20 Budget adoption for Board consideration in May 2019. This update highlights one of the major growth areas in the FY20 budget plan to support the expanding Transportation Infrastructure Program, which includes Transit Construction, Highway Improvements, and the Regional Rail. Additionally, this report provides an update of the public outreach initiative to engage the general public and other stakeholders in the budget process.
...Discussion
DISCUSSION
Los Angeles County voters secured long term funding for transportation infrastructure expansion through Measure M in fall 2016 to improve transportation and ease traffic congestion. Since then, Metro budget has continually grown to expand and improve Transit and Highway systems throughout the county. In the preliminary FY20 budget, the combined share of Transit Construction, Highway Improvement and Regional Rail, including Metrolink funding, account for over 36% of the total budget.
As shown in Figure 1 on the following page, the FY16 Transportation Expansion program budget was $1.847 billion. Since the passage of Measure M, the Expansion program has increased $712 million, or by 39%, in four years.






Figure 1:


FY20 Transportation Infrastructure Development
From a year over year perspective, the FY20 budget plans for $2.56 billion. This steps up from $2.19 billion in FY19, a $374 million growth over the prior year (Figure 2).
Figure 2:


The breakdown of the Metro Transportation Program is reported under three major groups:
1) Transit Expansion: includes Light Rail, Heavy Rail, Bus Rapid Transit Construction and early planning efforts before construction;
2) Hi...