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The Santa Clara Valley Transportation Authority (VTA) yesterday released its proposed biennial budget for fiscal years 2016 and 2017, which includes spending $166.1 million on capital projects. About $26 million of that total would go toward improvements to VTA's light-rail system, including $700,000 for bridge and structure repairs. The budget also calls for spending $2 million for the replacement of light-rail station signage, according to the budget document.More than $6 million would fund an upgrade of closed-circuit television systems on light-rail trains.The biennial budget proposal establishes an operating budget of $420 million for the 2016 fiscal year and $424 million for the 2017 fiscal year.VTA officials will host three public meetings on the budget starting May 4.