CVTA adopts FY27 operating budget with managed-services and contractor support

The Central Virginia Transportation Authority on a roll-call vote adopted its proposed fiscal year 2027 operating budget after a staff presentation and support from the finance committee.

A staff presenter said, “This is related to the FY 27, operating budget, which is proposed for action today,” and explained the packet (page 13) lists operating expenses including public engagement, travel, technology and professional memberships. The presenter noted a managed-services fee reflecting the agreement between PlanRVA and the authority and said the proposed column labeled '27 budget proposed' includes contractor support for anticipated business items.

Finance committee chair (identified in the meeting as the finance committee chair) voiced the committee’s support for the proposal. After brief discussion and confirmation that materials were included in the packet, a member moved to approve, a motion was seconded and the clerk conducted a roll-call vote. The clerk recorded affirmative votes for the participating jurisdictions and the motion passed.

Why it matters: The adopted FY27 operating budget establishes the authority’s staffing and operating baseline for the coming year, including contracted services and a managed-services arrangement that staff said will be incorporated into SPAs where appropriate.

What’s next: Staff will move forward under the adopted budget and continue work with PlanRVA and third-party contractors to implement the authority’s operating activities.