The background
The Mobility Authority is the agency responsible for managing transportation systems in Travis and Williamson counties. The organization oversees several area toll roads, including 183A Toll, 183 North, 290 Toll, MoPac, Hwy. 71 and SH 45 N. The Mobility Authority also issues bonds to local entities to fund transportation projects.
A closer look
Created in 2002, the Mobility Authority has seen continued year-over-year growth in its revenues budget for at least the last 10 years, according to Mobility Authority documents. The FY 2023-24 budget runs from July 1 to June 30.
Revenues
- The organization anticipates 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, representing 21.9% and 68.8% increases, respectively.
Expenses
- 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 maintenance and operations cost increases for maintaining roads and operating toll roads, which each increased around 30% year over year.
Net income
- The net income of the Mobility Authority measures how much revenue is left after accounting for expenses.
- With the year-over-year growth of revenues at nearly 40%, the Mobility Authority is anticipating net income to come out to $88.5 million for FY 2023-24, compared to $43.9 million in FY 2022-23.
