MARTA's Board of Directors approved the FY07 Capital and Operating Budget during their regular monthly meeting on May 15, 2006. It includes $344.75 million in projected operating expenditures and $403.7 million in projected capital outlay. The budget was based on the guiding principles of maintaining financial stability, improving customer service and reinvesting in MARTA's infrastructure to ensure reliable, safe transportation into the future. Due to a stabilizing financial outlook, MARTA is able to focus on programs that will provide our customers with a virtually new transit system by 2008.
The FY07 budget includes no cuts to service, nor does it include a fare increase. It calls for modest enhancements to service including: additional bus and paratransit operators; additional cleaning staff for vehicles and rail stations; and expansion of MARTA's small bus program. The operating budget also funds additional customer service staff who will be deployed to assist MARTA riders through the transition to the new Breeze fare collection system and help the Authority accommodate the growing numbers of paratransit customers.
MARTA's FY07 capital budget will have an equally positive impact — funding capital improvement programs scheduled for completion between now and 2008. Highlights of the capital budget include: rail car and track rehabilitation, new clean-fuel vehicle procurement, enhancements to safety and communications systems, and improvements to infrastructure throughout the transit system.