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With the agency integration of Valley Metro and Valley Metro Rail, the budgets for each agency are developed with a unified staffing plan but are maintained as two separate financial entities, with fund and project accounting to segregate revenues and expenses.
Each Operating and Capital Budget has been prepared with the goal of delivering a fiscally prudent, balanced budget.
FY 2006/2007 is the first full year of Proposition 400 Public Transportation Fund (PTF) revenues; FY 2005/2006 reflected only five months of PTF revenues.