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Rail News Home Passenger Rail

5/24/2024



Rail News: Passenger Rail

TriMet adopts FY2025 budget


The $1.84 billion budget supports TriMet's goals to restore ridership to prepandemic levels.
Photo – TriMet

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TriMet's board on May 22 adopted the fiscal-year 2025 budget for the Portland, Oregon-based transit agency.

The $1.84 billion budget supports TriMet’s goals to restore ridership to prepandemic levels and beyond, TriMet officials said in a news release. The budget, which runs July 1 through June 30, 2025, calls for $508 million for operations; $229 million for general and administrative costs; $200 million for capital and operating projects; and $903 million for contingency, debt service, fund balance, other non-operating requirements and post-employment benefits.

The 2025 budget incorporates the first full year of the fare increase that began in January. The base fare increase was TriMet’s first in more than a decade, but the agency minimized the impact, especially for frequent riders, by choosing not to increase monthly rates for adult, honored citizen and youth riders, TriMet officials said.