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RTA CY2026 Operating and Capital Budget
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DESCRIPTION: RTA CY2026 Operating and Capital Budget |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
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Authorize the Chief Executive Officer to implement the Operating, Non-Operating, Capital, and Debt Service Budget for the 2026 Calendar Year.
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ISSUE/BACKGROUND:
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Submitting the CY2026 Operating, Non-Operating, Capital, and Debt Service Budget for approval.
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DISCUSSION:
The CY2026 Budget includes Operating and Capital expenditures that pursue the agency’s mission of providing safe and reliable transit service and a world-class rider experience to its customers. This budget includes 871 FTE’s and no anticipated reduction in services. Highlighting this year’s budget are the following capital initiatives: (1) Algiers Ferry Buildings Renovation, (2) Begin design of Downtown Transit Center, and (3) Bus Rapid Transit (BRT) East-West Bank Corridor for a total Capital Budget of $52.1M with a local match of $13.9M.
FINANCIAL IMPACT:
The CY2026 Operating Budget includes revenues of $111,746,066 and expenses of $142,297,081. Operating revenues for CY2026 are decreasing by 10.2% while operating expenses are increasing by 1.8% from the CY2025 Budget. TMSEL Legacy Costs of $1,347,058 for CY2026 have decreased by 11.4% from CY2025 budgeted costs. Government operating assistance for CY2026 is expected to offer $25,164,475 in funding. To balance the 2026 budget, we will utilize $13.8M in operating reserves.
NEXT STEPS:
None.
ATTACHMENTS:
1. RTA Board Resolution
2. CY2026 Proposed Budget
3. CY2026 Proposed Purple Sheets
4. Five-Year Capital Investment Program (2026-2030)
Prepared By: Jessica M. Lang
Title: Business Analyst
Reviewed By: Gizelle Johnson-Banks
Title: Chief Financial Officer
12/4/2025
Lona Edwards Hankins Date
Chief Executive Officer