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Budget
Without taxing authority of its own, AC Transit is funded by a variety of sources. Bus fares, the most visible source of income, only represents about 20% of system operating revenues. Most other funds come from local, regional and state sources. The pie chart below offers a quick overview. In addition, we provide brief explanations of the major items. Our annual operating budget is over $282 million.
For Agency Profiles from AC Transit's federal National Transit Database Reports for FY 97-05, see charts summarizing finance, fleet and service information:
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
A quick glance at the expenses pie chart shows that almost 62 percent of the District's expenses are committed to the salaries and benefits of our more than 2,196 employees. Go here for more information.
Notes on Revenue Sources
T.D.A.—The State Transportation Development Act generates funds for transportation through a statewide 1/4-percent retail sales tax. The State Board of Equalization returns this money to the county of origin.
AB 1107—The State has established a 1/2-percent sales tax in three BART counties (Alameda, Contra Costa, and San Francisco), with a portion of the funds allocated to AC Transit.
Regional Measures B and C—Voters in Alameda (Measure B) and Contra Costa (Measure C) counties approved local 1/2-cent sales taxes for transportation purposes. A portion of the funds is allocated to AC Transit.
Property Taxes—Alameda and Contra Costa counties allocated a percentage of property tax revenues to AC Transit. This also includes approximately $14 million from Measure BB, a parcel tax specific to AC Transit, approved by voters in November 2002.
Regional Measure 2—Approved by voters in March 2004. Allocates additional bridge toll revenues for AC Transit to increase transbay bus service and night owl bus service along BART corridors. Also includes funds for increased express bus service and additional subsidies for a new Transbay Terminal in San Francisco. Sixty-five million dollars of Measure 2 funds are earmarked to implement the first phase of a Rapid bus line in Berkeley, Oakland, and San Leandro.
STA—State Transportation Assistance (Proposition 111) funds are allocated to the District based on the portion of the District's qualifying revenues. Qualifying revenues include property taxes, Measures B and C funds, and other funds generated at the local level, excluding state or federal subsidies.
