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.
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.
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%.
|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.|
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.
Final 2012 Financial Plan - Revised February 2012