FOR IMMEDIATE RELEASE: June 10, 2014
FOR MORE INFORMATION: Joel Zlotnik (714) 560-5713; Eric Carpenter (714) 560-5697
OCTA Board Approves Balanced Budget
The $1.1 billion budget for fiscal year 2014-15 includes sustaining bus and rail service and delivering Measure M projects
ORANGE – The Orange County Transportation Authority Board of Directors approved a balanced $1.1 billion budget for the coming year during its meeting on Monday.
The 2014-15 budget encompasses all services, projects and programs that are administered by OCTA. Major initiatives for the budget include sustaining bus and rail service levels, closing out Measure M1, continuing Measure M2 improvements and operating the 91 Express Lanes.
“OCTA’s balanced budget for the year ahead represents a significant investment in all modes of transportation and fulfills the ongoing commitment made to voters who approved Measure M,” said OCTA Chairman Shawn Nelson, also the Chairman of the Board of Supervisors. “We expect to deliver tangible results to improve transportation throughout the county whether residents choose to travel by car, bus, rail or bicycle.”
Funding allocation for the budgets include:
· $429 million for bus operations
· $297 million for streets and roads improvements
· $176 million for freeway projects
· $121 million for Metrolink service, rail and station projects in Orange County
· $11 million for motorists and taxi services
This balanced budget is a result of OCTA’s mission to deliver long-term sustainable transportation solutions for the residents of Orange County.
OCTA is the county’s transportation agency, responsible for planning, financing and coordinating Orange County’s freeway, street and rail development, as well as managing the countywide bus and rail service, the 91 Express Lanes and Orange County’s Taxi Administration.
For more information, visit http://atb.octa.net/AgendaPDF/9561.pdf