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Caltrain’s board this week approved the California railroad's operating and capital budgets for fiscal-year 2022.
The $176.7 million operating budget includes $34.6 million in farebox revenue. For the first time in the agency’s history, Caltrain assumes it will receive no contributions from its three partners — the San Mateo County Transit District, the Santa Clara Valley Transportation Authority, and the city and county of San Francisco — for the operating budget, according to a Caltrain news release.
However, funds from state Measure RR and the federal American Rescue Plan Act (ARPA) should be sufficient to cover the agency’s operating needs. This will be the first fiscal year in which Caltrain will have a dedicated non-fare revenue source, due to the passage of Measure RR, the release said.
The operating budget includes funding for a planned restoration of service at the end of summer. The capital budget covers long-term infrastructure improvement and maintenance projects including maintenance work on stations and intermodal access, right of way signals and communications, and rolling stock.
The $39.2 million capital budget will be funded through a combination of federal, regional and state grants, while it does not assume contributions from its partner agencies, discussions with the partners are ongoing.
The capital budget also includes additional funding for the Guadalupe River Bridge Replacement Project, the construction phase of the Grade Crossing Improvements Project, the upgrade of ticket vending machines throughout the corridor and the general state of good repair for the system at large.