The gist
If approved, the budget will go into effect Oct. 1 with a proposed revenue of $76.2 million and about $50.3 million in projected expenses.
The budget also includes about $35.7 million for capital improvements and maintenance. The project list includes bus maintenance, fleet replacements, rail maintenance and more, according to the agenda.
A large portion of the budget’s proposed revenue comes from sales tax revenue, which is projected to reach $40 million, less than a 1% increase from the previous year. The transportation authority collects half a percent in sales tax revenue from its three member cities: Denton, Highland Village and Lewisville.
Also on the agenda
The board will also hear an update on an A-Train enhancement study initiated in April 2022. The board tasked Lockwood, Andrews, and Newnam Inc. with examining the effect of a train station in Corinth with a south terminus in downtown Carrollton.
The study was initiated in 2022 after the board expressed interest in expanding the A-Train rail service to downtown Carrollton. Lockwood delivered initial results of the study in February 2023, according to the agenda.
The board will examine the study’s findings, provide feedback and determine next steps for the program.
Get involved
The board will meet at 10 a.m. Aug. 24 at 1955 Lakeway Drive, Ste. 260 in Lewisville. A Zoom link is listed on the agenda for those unable to attend in person.
