Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Passenger Rail


Rail News: Passenger Rail

San Diego MTA OKs capex budget, outlines pandemic's financial impact

The San Diego Metropolitan Transit System's FY2021 capex budget allocates $26 million for new trolleys.
Photo – SDMTS


The San Diego Metropolitan Transit System's (SDMTS) board last week approved a $100 million capital improvement budget for fiscal-year 2021, which begins July 1.

The budget allocates funding for rail, including $26 million toward 47 new low-floor trolleys, and $10.9 million to keep the rail network in a state of good repair. 

Also last week, the board announced it anticipates a $33.5 million loss for FY2020 and $100 million in FY2021 because of costs and lost revenue related to the COVID-19 pandemic. 

During both fiscal years, agency officials project operating income from advertising revenue, energy credits, rental income and interest to drop by $7 million.

In FY2021, agency officials anticipate a $30 million to $50 million loss in fare revenue, and a decrease of $13.5 million to $23 million in state and local sales tax revenue.

SDMTS anticipates receiving $220 million in federal stimulus funding to offset the financial losses.

Also in response to the pandemic, the board has postponed plans to put a transit-only revenue measure on the November ballot.

Contact Progressive Railroading editorial staff.

More News from 4/21/2020