Item 11 - Recognize Measure M2 Grant Funds and Amend the FY 23-24 CIP

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• • • • • • • Continued progress on the I-405 Project including the completion and opening of the first half of the Brookhurst Street bridge Negotiated and reached new agreements with coach operators as well as parts clerks and facilities technicians to ensure the continuation of safe and reliable OC Bus service that is essential to the people of Orange County Added the Youth Ride Free Program to OCTA’s fare policy, making OCTA the first large transit agency in the region to permanently offer free bus rides to all youth ages six to 18 Expanded the College Pass Program to include students at Coastline College Graduated the fourth cohort of OCTA’s internal Management Development Academy Submitted the 2023 Federal Transportation Improvement Program project list and financial plan Launched an online version of unconscious bias training for all new administrative employees Workshop Held to Discuss Proposed FY 2022-23 Budget The OCTA board held a workshop to discuss the agency’s proposed $1.65 billion balanced budget for fiscal year 2022-23. Overall, 52% of the proposed budget is dedicated toward funding transit programs. A quarter of the proposed budget is allocated toward freeway improvements and 11% toward streets. Additional highlights from the proposed budget include: • • • • • • Sales tax receipts are anticipated to be significantly higher than the current year’s budget Establishes funding to protect against a potential economic downturn Bus operations budget includes the capacity to add fixed-route service and accommodate increases in OC ACCESS trips Metrolink budget includes the capacity to reach pre-pandemic trip levels Measure M continues to provide funding for freeways, streets and transit modes consistent with the Next 10 Delivery Plan Strong trip growth is anticipated for the 91 Express Lanes. The proposed budget is scheduled to return to the board for consideration after a public hearing on Monday, June 13.