Clean Transit Enterprise Budget and Revenues
Coming Soon
CTE and SB24-230 Conditional Funding Forecast
CTE’s total SB24-230 revenues are expected to change significantly from FY 26 to FY 27 due to Proposition 117. As of the fall of 2025, the CTE conditional forecast for total annual SB24-230 revenues available in FY 27 and beyond is currently at $107M for FY27 based on Energy Information Agency forecasts on projected oil barrel prices.
This funding is forecasted to be distributed in the following way for the three CTE programs:
- Formula Program (70% of funding) – FY 26: approximately $37 million. For FY 27 and beyond: estimated to be between $70M and $80M per year.
- Discretionary Program (10% of funding)– FY26: approximately $5.5M. For FY 27 and beyond: estimated to be between $10M and $12M per year.
- SB legislation states that this program is for incentives to create RTAs and grants for multimodal facilities.
- Passenger Rail Program (20% of funding) - FY26: approximately $11.1M. For FY 27 and beyond: estimated to be between $20M and $24M per year.
- Roughly half of this funding annually is expected to go to the Northwest Rail Joint Service project. The use of the remainder is to be determined, but could be for the N line extension.
Please note that these forecasts are predictive in nature and are therefore subject to change.
CTE and SB 21-260 Conditional Funding Forecast
CTE’s SB21-260 revenues have now been collected for a few years and are both fairly predictable and growing steadily.
Please note that these forecasts are predictive in nature and are therefore subject to change.
