TRANSPORTATION UPDATES Mobility Authority anticipates 39% more revenues
UPCOMING PROJECTS
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RISING REVENUES Revenues for the Central Texas Regional Mobility Authority are anticipated to rise about 39% for scal year 2023-24.
according to Mobility Authority documents. The FY 2023-24 budget runs from July 1 to June 30. Budget explained: The organization antici- pates revenues to rise 39% in FY 2023-24 to $257.19 million, compared to $184.88 million in FY 2022-23. The largest percentage increases are from toll tag revenue and video toll collection, with 21.9% and 68.8% increases, respectively. Expenses are also anticipated to rise 19.7% in FY 2023-24 to $168.7 million, compared to $140.9 million in FY 2022-23. Most of the increased expenditures come from maintaining roads, which increased around 30%.
BY GRACE DICKENS
The Central Texas Regional Mobility Author- ity passed its scal year 2023-24 budget June 26, approving a decade-high revenue amount of $257.19 million, or a 39% year-over-year increase compared to FY 2022-23. The background: The Mobility Authority manages transpor- tation systems in Travis and Williamson counties. It oversees several area toll roads, including 183A Toll, 183 North, 290 Toll, MoPac, Hwy. 71 and SH 45 N. Created in 2002, the Mobility Authority has seen continued year-over-year growth in its revenues budget for at least the last 10 years,
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FY 2022-23
FY 2023-24
San Gabriel Parkway at US 183 intersection improvements
Total: $184.88M Total: $257.19M
+39.11%
ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF JULY 27. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT LLHNEWSCOMMUNITYIMPACT.COM. Ocials said the project is under review by the Leander planning and engineer- ing departments and is anticipated to go to bid in August. Timeline: fall 2023-early spring 2024 Cost: $530,000 Funding source: Capital Metro Build Central Texas Program The city of Leander is preparing to start a project that will widen eastbound San Gabriel Parkway just before the US 183 intersection and install a right-turn lane to feed southbound trac onto the highway. These improvements are aimed to ease congestion in the area, according to the city. The addition of a right-turn lane will also promote better intersec- tion access for emergency vehicles.
$126.19M
Tag revenue
$153.79M
$38.13M
Video tolls
$64.35M
$15.88M
Fee revenue
$12.96M
$4.68M
*Miscellaneous revenue
$26.08M
SOURCE: CENTRAL TEXAS REGIONAL MOBILITY AUTHORITYCOMMUNITY IMPACT
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