Every major IndyGo decision requires a financial decision. Here’s a general overview of IndyGo’s finances and how they’re structured and managed.

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 (three members) or the City-County Council (four 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 requisite authority to review and approve local funds for 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. Without exception, after the budget introduction, IndyGo 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.

As a municipal corporation of Marion County, the IndyGo budget is subject to review and approval by both the IndyGo board of directors and City-County Council. Below is an outline of the 2020 Budget Cycle meetings, public hearings, and notices.

2020 Budget Notice to Taxpayers (PDF)

2020 Budget Notice to Taxpayers in Spanish (PDF

Resolution for Levy of Special Tax (PDF)

Resolution for Appropriations and Tax Rates (PDF)

2020 Proposed Budget (PDF)

The IndyGo 2020 budget approval process begins with the introduction of the budget to the board of directors followed by a public hearing to receive comments on the proposed 2020 budget.

Comments voiced at the public hearing will be reviewed by IndyGo staff and board members and taken into consideration before the final approval at the end of August.

Below are the IndyGo 2020 budget meetings which are open to the public and held at IndyGo’s administration building located at 1501 W. Washington St.

  • Monday, July 29
    Introduce the Proposed 2020 Budget (Financial Plan PDF)
  • Thursday, Aug. 8
    Full details will be available once the budget is submitted to City-County Council.
  • Thursday, Aug. 22
    Adopt the 2020 Budget
  • With IndyGo board approval, the budget will move through a City-County Council process, which includes full council and municipal corporations committee meetings.

As a municipal corporation of Marion County, the IndyGo budget is subject to review and approval by both the IndyGo board of directors and City-County Council. Below is an outline of the 2019 Budget Cycle meetings, public hearings and notices.

2019 Budget Notice to Taxpayers (PDF)

2019 Budget Notice to Taxpayers in Spanish (PDF)

Resolution for Levy of Special Tax (PDF)

Resolution for Appropriations and Tax Rates (PDF)

2019 IndyGo Budget (PDF)

IndyGo FY 2019 Budget (PDF)

The IndyGo 2019 budget approval process begins with the introduction of the budget to the board of directors followed by a public hearing to receive comments on the proposed 2019 budget.

Comments voiced at the public hearing will be reviewed by IndyGo staff and board members and taken into consideration before the final approval at the end of August.

Below are the IndyGo 2019 budget meetings which are open to the public and held at IndyGo’s administration building located at 1501 W. Washington St.

  • Monday, July 30
    Introduce the Proposed 2019 Budget
    (Financial Plan PDF)
  • Thursday, Aug. 9
    Public Hearing on the Proposed 2019 Budget
    (Presentation PDF)

    Full details will be available once budget is submitted to City-County Council.
  • Thursday, Aug. 23
    Adopt the 2019 Budget
  • With IndyGo board approval, the budget will move through a City-County Council process, which includes full council and municipal corporations committee meetings.
    The following meetings on IndyGo’s 2019 Budget will be held at the City-County Council Building:
  • 10 at 7:00 PM
    Full Council Meeting to Introduce Municipal Corporations Budget
  • 13 at 5:30 PM
    Municipal Corporations Committee Meeting on 2019 Budgets
  • 24 at 7:00 PM
    City-County Council Public Hearing on 2019 Budget
  • 26 at 5:30 PM
    Municipal Corporations Committee Review & Analysis of 2019 Budgets
  • 15 at 7:00 PM
    City-County Council Meeting to Adopt 2019 Budget

As a municipal corporation of Marion County, the IndyGo budget is subject to review and approval by both the IndyGo board of directors and City-County Council. Below is an outline of the 2018 Budget Cycle meetings, public hearings and notices.

2018 Budget Notice to Taxpayers (PDF)

2018 Budget Notice to Taxpayers in Spanish (PDF))

Resolution for Levy of Special Tax (PDF)

Resolution for Appropriations and Tax Rates (PDF)

2018 IndyGo Budget (PDF)

The IndyGo 2018 budget approval process began with the introduction of the budget to the board of directors followed by a public hearing to receive comments on the proposed 2018 budget.

Comments voiced at the public hearing will be reviewed by IndyGo staff and board members and taken into consideration before the final approval at the end of August.

Below are the IndyGo 2018 budget meetings which are open to the public and held at IndyGo’s administration building located at 1501 W. Washington St.

With IndyGo board approval, the budget will move through a City-County Council process, which includes full council and municipal corporations committee meetings.
The following meetings on IndyGo’s 2018 Budget will be held at the City-County Council Building:

  • 11 at 7:00 PM
    Full Council Meeting to Introduce Municipal Corporations Budget
  • 14 at 5:30 PM
    Municipal Corporations Committee Meeting on 2018 Budgets
  • 25 at 7:00 PM
    City-County Council Public Hearing on 2018 Budget
  • 26 at 5:30 PM
    Municipal Corporations Committee Review & Analysis of 2018 Budgets
  • 9 at 7:00 PM
    City-County Council Meeting to Adopt 2018 Budgets

IndyGo’s operating budget relies on a variety of revenue sources:

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

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

 

 

IndyGo uses its state, local, and passenger revenue to pay for operating costs such as employee wages and benefits, and materials and supplies. On February 27, 2017, the Indianapolis – Marion County City-County Council approved a dedicated income tax of 0.25% to support improvements to the Indianapolis – Marion County public transportation system. This transit tax has allowed IndyGo to expand service operations as outlined in the Marion County Transit Plan. The dedicated transit tax finances IndyGo operations as well as capital and debt service.