The details
The main focus of the meeting was the approval of the FBCTRA budget for the fiscal year ending Sept. 30, 2024. The budget covers all aspects of the toll road authority’s services and operations, including revenue sources, operating expenses and debt consolidation, according to county documents.
By the numbers
Revenues for the toll road authority’s fiscal year 2023-24 were projected to include income from earned interest, revenue recovered from insurance, and other miscellaneous sources along with toll collections and fees.The total revenue for the fiscal year was budgeted at approximately $26 million, with expenses projected to be around $24.3 million.
The budget allowed for an excess of revenues over expenses, allocating approximately $18.8 million to be reserved for future needs, according to county documents.
What else?
The official Fort Bend Grand Parkway Toll Road System 2023-2024 Capital Improvement Plan was also approved at the Sept. 26 meeting.
The capital improvement plan covers a range of projects for the Grand Parkway, including lane expansions, road reconstructions, bridge construction and various other enhancements. These projects aim to improve the efficiency and capacity of the Grand Parkway Toll Road System, according to a county presentation.
The total project budget for these improvements was estimated at $835.2 million, with commitments from various funding sources, including bonds, district assistance and various funds, allocated toward general technology improvements.
