SANBAG, the predecesor agency to SBCTA, is proud to have been awarded the Distinguished Budget Preparation Award by the Government Finance Officers Association (GFOA) for the past eleven years. The FY 2016/2017 budget continues to conform to the GFOA program requirements and strives to maintain the high standards established by the organization.
The FY 2016/2017 Budget contains projections and program overviews and Supplemental Information that presents the task level detail with objectives and accomplishments and a map and master schedule for each capital project. Goals and objectives for Fiscal Year 2016/2017, budget summaries, and revenue overview are inlcuded in the budget document.
Other budget facts for 2016/17:
- Estimated revenues for the Fiscal Year 2016/2017 budget are $380,426,842. This compares with the Fiscal Year 2015/2016 budget estimated revenues of $420,603,394 and Fiscal Year 2014/2015 actual revenues of $386,217,329.
- The total new budget requested for Fiscal Year 2016/2017 is $485,606,037. This compares with the Fiscal Year 2015/2016 budget estimated expenditures of $525,541,171 and Fiscal Year 2014/2015 actual expenditures of $402,492,901.
- The largest single revenue source is the Measure I sales tax, which represents 42.05% of the total FY 2016/2017 estimated revenues. The FY 2016/2017 budget anticipates a 7.4% increase in Measure I revenue. Increases are also anticipated in the Local Transportation Fund.