IE Business Daily Business news for the Inland Empire.
The San Bernardino County Transportation Authority has approved a budget of more than $1.4 billion for the fiscal year 2026-’27, the largest outlay in its history.
The budget, which follows months of planning and a review of each the authority’s policy committees, includes approximately $1.1 billion in new revenue and $364 million in leftover funds, according to a statement on the authority’s website.
The authority will also start the fiscal year on July 1 with $55.1 million in reserve.
This year’s budget will pay for major highway and rail projects, express lanes operations, planning and transit programs, and long-term regional projects.
“The approved budget reflects the agency’s readiness to move major transportation improvements forward,” the statement reads. ”From expanding mobility options to investing in infrastructure that connects residents to jobs, services, and opportunities, the budget positions (the authority) to continue improving travel throughout San Bernardino County.
