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Rail News: Financials

San Mateo transit agency OKs $86.8 million budget for FY2018

The budget includes $6.8 million for Caltrain capital investments.
Photo – Caltrain's Twitter account

The San Mateo County Transportation Authority's (SMCTA) board has approved an $86.8 million budget for the agency's 2018 fiscal year, which begins July 1.

The budget includes $6.8 million for Caltrain capital investments and $12.7 million for grade separation projects, SMCTA officials said in a press release.

The agency's board consists of seven members, who collectively represent local cities, the San Mateo County Board of Supervisors and the San Mateo County Transit District.

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More News from 6/5/2017