Budget Overview

IndyGo is a municipal corporation of Indianapolis - Marion County. As such, the seven-member Board of Directors is comprised of individuals appointed by either the Mayor (3 members) or the City-County Council (4 members). While the IndyGo Board of Directors is a self-governing body, the City-County Council and the Council's Municipal Corporations Committee have the authority to review and approvals required for IndyGo to receive local funds, used in the transit agency's operating budget. The budget process takes place over a series of public meetings.

Each August, IndyGo’s budget cycle begins with the introduction of the proposed budget at a Board of Directors meeting. After the budget introduction, IndyGo always holds a public hearing for comments on the proposed budget, and the final step for IndyGo’s budget is approval by the IndyGo Board of Directors before it’s handed off to the City-County Council. 

After the IndyGo board adopts the budget, the City-County Council municipal corporations committee reviews and eventually recommends final approval of the budget to the full Council.

IndyGo’s operating budget relies on a variety of revenue sources, including federal, state and local dollars in addition to what is collected on the buses from fares.

Revenue Sources:

• Federal Assistance (from US Department of Transportation, Federal Transit Administration)
• State Funds (from state sales tax)
• Local Funds (primarily from Marion County property taxes)
• Passenger Fares 
• Other

Capital Purchases:

IndyGo must apply federal assistance to capital projects such as facility maintenance, fleet procurement and transit amenities. With Federal Transit Administration (FTA) permission, IndyGo can convert some if its federal dollars into operating dollars for use to maintain capital assets. Federal funding cannot be put toward service expansion.

Operating Costs:

IndyGo uses its state, local and passenger revenue to pay for operating costs such as employee wages/benefits, materials and supplies. We must also rely on state and local funding to expand our operations. Unfortunately, IndyGo lags far behind in local funding when compared to similar cities, so service expansion is currently not an option for us. For example, Columbus, Ohio and Charlotte, North Carolina receive about 75% in local funding, whereas Indianapolis only receives 29%.    

2013 Financial Plans

	On Monday, October 15, the City-County Council unanimously voted to infuse the IndyGo budget with additional funds that will allow for added service in 2013. Documents, presentations and important deadlines relative to the 2013 budget are below.
	Learn about the proposed service changes for 2013.

• August 16, 2012 - Proposed budget introduced to IndyGo Board of Directors. Download 2013 Proposed Budget.
• August 27, 2012 - IndyGo board adopted the proposed budget of $65M.
• September 20, 2012 - IndyGo budget introduced to City County Council Municipal Corporations Committee. Download the presentation of the 2013 Proposed Budget.
• October 15, 2012 - City County Council approved IndyGo's submitted budget for 2013. Read the press release.
• November 7, 2012 - IndyGo hosted a pair of public meetings to introduce proposed service changes made possible by the increased operating budget. Learn more about proposed service improvements for 2013.

Final 2013 Financial Plan - Revised March 2013

As the 2014 budget process begins, more information on meeting times will be posted here and on the meetings page.

2012 Financial Plans

• August 4, 2011 – Proposed budget introduced to IndyGo Board of Directors. Download 2012 proposed budget. 
• August 18, 2011 – Public Hearing on 2012 budget. Download presentation of 2012 budget.
• August 29, 2011 – Final IndyGo Board of Directors adoption of budget. Download adopted 2012 budget. 
• August 31, 2011 – IndyGo files adopted budget with City County Council.
• September 19, 2011 – IndyGo budget introduced at City County Council. Download the Presentation to the council
• October 10, 2011 – Municipal Corporation Committee final budget review & recommendation, 5:30 pm, CCB Public Assembly Room
• October 17, 2011 – City County Council approval of IndyGo budget.

Final 2012 Financial Plan - Revised February 2012

Annual Reports:

• 2011 Annual Report (pdf)
• 2010 Annual Report (pdf)
• 2009 Annual Report (pdf)
• 2008 Annual Report (pdf)
• 2007 Annual Report (pdf)
• 2006 Annual Report (pdf)
• 2005 Annual Report (pdf)
• 2004 Annual Report (pdf)
• 2003 Annual Report (pdf)
• 2002 Annual Report (pdf)