Smaller than the FY 2012 budget of $1.15 billion, the new budget, starting October 1, supports the December 2012 opening of two light-rail projects: the second phase of the Orange Line to Irving and the Blue Line extension from Garland to Rowlett. The lower overall budget includes a decrease in capital spending as the expansion of light-rail slows. However, the operating budget is up as DART adds more service to more places.
"This budget allows us to continue meeting our commitments to our service area cities as we create an even more attractive system for new customers," DART Board Chair John Danish said.
There are three components to DART's annual budget: operating, $449.6 million; capital and non-operating, $468.98 million and net debt service, $151.4 million.
The FY 2013 budget is the latest in a multi-year effort to manage the impact of a decade of flat sales tax receipts. That effort saw the number of employees at the agency remain unchanged despite the addition of nearly 14 miles of new Orange and Blue light-rail service, along with an increased level of police presence throughout the system. The budget also supports the approved introduction of new fares beginning in December.