The Annual Budget Book includes financial details for Operating, Capital and Self Insurance funds. Pierce Transit begins the budget process in April and works closely with the Planning & Community Development division to set achievable service levels and determine required staffing to meet those levels. The operating budget funds all activities needed to provide daily bus, shuttle, on-demand, and rideshare services as well as administrative support.

The capital budget funds larger projects and equipment like bus and vehicle replacement, facility expansion and transit center improvements that may extend beyond the budget year. The Self-Insurance budget funds any workers’ compensation or unemployment claims. A Six Year Plan forecasts future funding and costs to allow growth and ensures we have the required cash reserves to minimize service impacts.

The budget is reviewed by agency leadership, Community Transportation Advisory Group, Executive Finance Committee and the Board of Commissioners before final approval by the Board in December.