Equipment enhancements, traffic studies and planning for a variety of road projects are among the items on the Central Texas Regional Mobility Authority’s draft fiscal year 2023-24 budget.
The Mobility Authority’s board of directors received a presentation on the FY 2023-24 budget draft during its meeting May 31 from Mobility Authority Executive Director James Bass. The Mobility Authority's FY 2023-24 will begin July 1 and end June 30, 2024.
After revenue comes in, the operations and maintenance and debt services portions of the budget—which “keeps the entity’s lights on,” Bass said—are paid for first. Then comes the capital budget, which provides enhancements to the system.