Caltrain Board of Directors Approves Operating and Capital Budgets

Caltrain’s Board of Directors approved its operating and capital budgets for Fiscal Year (FY) 2023 at the rail agency’s monthly board meeting.

The $179.2 million operating budget approved by the Board includes $46.5 million in farebox revenues. For the second year in a row, Caltrain assumes it will receive no contributions from Caltrain’s three partners—the San Mateo County Transit District (SamTrans), the Santa Clara Valley Transportation Authority and the City and County of San Francisco for the operating budget. The operating budget relies on Measure RR, gradual ridership recovery, and utilization of State Transit Assistance (STA) carryforward funds.

The operating budget will continue to fund Caltrain’s highest ever level of service as the agency works to restore its ridership to pre-pandemic levels.      

Caltrain’s $90.9 million capital budget will be funded through a combination of federal, regional and state grants, local funding and member agency funding.

The Caltrain capital budget covers long-term infrastructure improvement and maintenance projects including maintenance work on stations and intermodal access, right of way signals and communications, and rolling stock. The capital budget also includes additional funding for the Guadalupe River Bridge Replacement Project, the San Francisquito Creek Bridge Replacement Project, right of way fencing, the Track Tie Replacement Project, and the general state of good repair for the system at large.

The FY2023 begins on July 1, 2022 and ends on June 30, 2023.


About Caltrain: Owned and operated by the Peninsula Corridor Joint Powers Board, Caltrain provides commuter rail service from San Francisco to San Jose, with  commute service to Gilroy. Caltrain enjoyed five years of consecutive monthly ridership increases, surpassing more than 65,000 average weekday riders. While the Joint Powers Board assumed operating responsibilities for the service in 1992, the railroad celebrated 150 years of continuous passenger service in 2014. Planning for the next 150 years of Peninsula rail service, Caltrain is on pace to electrify the system, reduce diesel emissions by 97 percent by 2040 and add more service to more stations.

Like us on Facebook at and follow on Twitter @Caltrain.

Free translation assistance is available.

Para traducción llama al 1.800.660.4287; 如需翻譯,請電 1.800.660.4287.