FOR IMMEDIATE RELEASE: June 8, 2015
FOR MORE INFORMATION: Joel Zlotnik (714) 560-5713, Eric Carpenter (714) 560-5697
OCTA Board Approves $1 Billion Balanced Budget
The 2015-16 fiscal year budget includes sustaining bus service and delivering Measure M projects
ORANGE – The Orange County Transportation Authority Board of Directors approved a balanced $1 billion budget for the upcoming year during its meeting on Monday.
The 2015-16 budget encompasses all services, projects and programs that are administered by OCTA. Major initiatives for the budget include sustaining bus service levels without raising fares, continuing Measure M improvements and operating the 91 Express Lanes.
“This balanced budget for the upcoming year represents OCTA’s commitment to voters who approved Measure M, no matter what mode of transportation they choose,” said OCTA Chairman Jeff Lalloway, also the Mayor Pro Tem of Irvine. “The budget is expected to enhance the convenience, safety and speed of all forms of transportation by improving freeways, streets, bus and rail operations, and active transportation programs throughout Orange County.”
Funding allocations for the budget include:
- $371 million to support bus operating and capital expenditures
- $202 million for streets and roads improvements
- $132 million to support rail operating and capital expenditures
- $136 million for freeway projects
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.
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