TriMet News: TriMet’s $1.75 billion budget for next fiscal year drives toward major ridership increase

As we head into our next budget year, TriMet is thinking big for our agency and our region. We’ve put a priority on ridership and getting more people on board our buses and trains. Why? Because the more people ride, the more our region benefits. Whether it is better access to schools, jobs and healthcare; helping to ease traffic congestion or doing your part for the environment, this is bigger than transit alone. It’s about connecting people with opportunities and making our communities and the Portland region a better place to live. We need you on board to make it happen. 

Our proposed, $1.75 billion budget for the 2025 Fiscal Year provides the financial framework to grow ridership, improve the customer experience and add service, as staffing allows. It includes nearly $849 million for daily operations; $201 million for capital investments; and about $58 million in pass-through and contingency funds. It also includes $642 million in ending fund balance totals, which are unappropriated and unavailable for spending in FY25. TriMet's FY25 fiscal year begins on July 1, 2024, and runs through June 30, 2025. More