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Yellow Bus agency gets budget boost from transit tax, state

An infusion of more than $300,000 in state reimbursements and county transit taxes will power the Yellow Bus Challenge into the next fiscal year, allowing Tiburon and Belvedere to shed about $130,000 in taxpayer subsidies for the traffic-busting school-bus program.

 

The governing Tiburon Peninsula Traffic Relief Joint Powers Authority board voted 4-0 on June 11 to approve its $926,000 fiscal year 2024-2025 budget, with a $58,000 surplus on about $984,000 of projected revenue.



Projected spending is up more than 25%, as the agency is expected to end fiscal 2023-2024 on June 30 with about $742,500 in expenses. But that’s backed by recent boosts in revenue that will continue into next fiscal year.


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