Key West Transit Development Plan FY2025-2034

Appendix G: Ten-year Budget Forecast

Appendix G: Ten-year Budget Forecast

Cost/Revenue

2025 2026 2027

2028

2029

2030

2031

2032

2033

2034

10-Year Goal

Operating Costs

Operating Costs

$78,793,973

Maintain Existing Services

$7,195,980 $7,339,900 $7,486,698 $7,636,432

$7,789,160

$7,944,943

$8,103,842

$8,265,919

$8,431,237

$8,599,862

Implement Key West - On the Move Priority #1 (Expand Existing Service Duval Loop: Additional Service Hours) Implement Key West - On the Move Priority #2 (New Service: North Connector) Implement Key West - On the Move Priority #3 (Expand Existing Lower Keys Shuttle: Increase Headways) Implement Key West - On the Move Priority #4 (Expand Existing Service Workforce Express: Increase Frequency) Implement Key West - On the Move Priority #5 (New Service: South Connector)

$12,768,505

—

— $1,487,656 $1,517,409

$1,547,757

$1,578,712

$1,610,287

$1,642,492

$1,675,342

$1,708,849

$6,536,438

—

—

— $879,229

$896,814

$914,750

$933,045

$951,706

$970,740

$990,155

$15,246,236

—

—

—

—

$2,416,922

$2,465,260

$2,514,566

$2,564,857

$2,616,154

$2,668,477

$16,917,929

—

—

—

—

—

$3,250,922

$3,315,940

$3,382,259

$3,449,904

$3,518,903

$5,199,190

—

—

—

—

—

—

$1,261,447

$1,286,676

$1,312,409

$1,338,658

Total Operating Costs $7,195,980 $7,339,900 $8,974,354 $10,033,070

$12,650,653 $16,154,588 $17,739,127

$18,093,909 $18,455,788 $18,824,903

$135,462,271

Capital Costs

Capital Costs

$12,771,056 $12,771,056 $36,393,032 $32,000,000 $2,164,444

Vehicles

$2,523,028 $2,523,028 $1,350,000 $525,000 $2,523,023 $2,523,028 $1,350,000 $525,000

$3,500,000 $3,500,000

$1,400,000 $1,400,000

$350,000 $350,000

$200,000 $200,000 $8,075,000 $8,000,000

$200,000 $200,000 $75,000

$200,000 $200,000 $75,000

New & Replacement Vehicles Other Capital/Infrastructure Key West Intermodal Center

$2,385,810 $1,207,222 $75,000

$75,000

$75,000

$12,275,000 $12,075,000 $12,000,000 $12,000,000

—

—

— — —

— — —

— — —

— — —

— — —

Park and Ride Rehab

$1,082,222 $1,082,222

— —

— —

— —

$300,000 $788,060 $565,528 $325,000

Transit Facility Enhancement (Charging Stations and Infrastructure)

$300,000

—

Bus Stop Infrastructure & Accessibility Program (Signs, Benches, Shelters, Sidewalks)

$338,060 $50,000

$50,000

$50,000

$50,000

$50,000

$50,000

$50,000

$50,000

$50,000

Bus and Facility Equipment

$565,528

—

—

—

—

—

—

—

—

—

Development & Implementation of Marketing Program

$100,000 $25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

Completion of Bus Stop and Transit Facility Accessibility Assessment & ADA Transition Plan Development of Micro transit Optimization Policy with Monroe County (Key West Rides and Conch Connect)

$200,000

—

—

—

—

—

$200,000

—

—

—

—

$50,000

— $50,000

—

—

—

—

—

—

—

—

Total Capital Costs $4,908,838 $3,730,250 $1,425,000 $600,000

$3,575,000 $13,657,000 $12,425,000 $8,275,000

$275,000

$275,000

$49,164,088

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APPENDIX — Transit Development Plan FY 2025–2034

APPENDIX — Transit Development Plan FY 2025–2034

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