TRANSPORTATION UPDATES
Toll agency anticipates revenues up nearly 40% for 2023-24 budget
ONGOING PROJECTS
RISING REVENUES Revenues for the Central Texas Regional Mobility Authority are anticipated to rise about 39% for fiscal year 2023-24.
BY GRACE DICKENS
revenues to rise 39% in FY 2023-24 to $257.2 million, compared to $184.9 million in FY 2022-23. The largest percentage increases are from toll tag revenue and electronic toll collection, with 21.9% and 68.8% increases, respectively. The Mobility Authority is anticipating expenses 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% year-over-year, according to Mobility Authority documents.
NEW SPACE
The Central Texas Regional Mobility Author- ity passed its fiscal year 2023-24 budget June 26, approving a decade-high revenue amount of $257.2 million, or a 39% year-over- year increase compared to FY 2022-23. The background: The Mobility Authority over- sees several area toll roads, including 183A Toll, MoPac, SH 45 N and others. The FY 2023-24 budget runs from July 1 to June 30.
EXISTING SPACE
FY 2022-23
FY 2023-24
N
Total: $184.88M Total: $257.19M
+39.11%
Capital Metro office consolidation CapMetro will consolidate four of its existing offices to one centralized operations hub in Central Austin. The new building will be located on 5.8 acres of land along 3100 E. Fifth St. and 618 Tillery St., span 182,700 square feet and reportedly save the organization $50-$60 million over the next 10 years in leasing costs. Timeline: TBD, but some existing CapMetro lease facilities expire in September Cost: $87.9 million Funding sources: CapMetro capital funds
Tag revenue
$126.19M
$153.79M
Video tolls
$38.13M
$64.35M
Fee revenue
$15.88M $12.96M
Miscellaneous revenue
$4.68M
$26.08M
Budget explained: The organization anticipates
SOURCE: CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY/COMMUNITY IMPACT
Austin airport breaks new passenger record, sees 2nd-busiest day
BUSIEST DAYS AT ABIA The busiest day ever at ABIA saw over 43,000 passengers.
before this year’s South by Southwest Conference & Festivals with over 36,800 passengers departing. May 2022 marked the busiest month in ABIA’s history with over 2 million passengers traveling through the airport that month. ABIA officials anticipated a busy season this summer as airlines began to add new destinations, use larger airplanes and increase route frequencies. In 2021, ABIA launched Journey with AUS, an expansion and develop- ment program aimed at addressing increased passenger growth. This will include the construction of a new midfield concourse, the area in which travelers pass through to arrive at their gates.
MCKALLA STATION
N
Number of departing passengers
Braker Lane closures A portion of Braker Lane underwent partial closures at the end of June and a full closure in mid-July as crews worked on Capital Metro’s rail track as part of an ongoing effort to improve service and increase the frequency of
43,177 October 25, 2022 Monday after Formula 1 Grand Prix June 30, 2023 Friday before 4th of July 37,192 March 10, 2023 Friday before South by Southwest 36,841 March 13, 2023 Monday of SXSW 36,265 April 17, 2023 Day after MotoGP 36,253 May 21, 2023 36,164
BY ELLE BENT
Austin-Bergstrom International Airport saw its second-busiest day ever July 1 with over 37,000 departing passengers. This is the first time the Fourth of July holiday has been one of the top five busiest days for ABIA. The last busiest Fourth of July travel date was July 1, 2022, with about 33,000 departing passengers, according to ABIA officials. The previous second-busiest day for ABIA was March 10, the Friday
CapMetro Rail trains. Timeline: June-July Cost: $38.8 million Funding sources: CapMetro
ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF JULY 11. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT NNWNEWS@COMMUNITYIMPACT.COM.
GT World Challenge at Circuit of the Americas
SOURCE: AUSTIN-BERGSTROM INTERNATIONAL AIRPORT/COMMUNITY IMPACT
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