Fiscal Year 2027 Approved Budget
TriMet’s FY2027 Approved Budget continues efforts to balance our budget, ensure long-term financial stability and continue the vital transit service our region relies on for decades to come.
Budget Update
The TriMet Board of Directors adopted our agency’s fiscal year 2027 (FY 2027) budget on Wednesday, May 27, 2026.
TriMet will make major spending cuts and a historic staffing reduction beginning July 1, 2026, as we continue taking action to address an annual budget deficit and preserve our core transit service for our riders and the region, even in the face of rising costs.
Most of the actions directed in the budget streamline our overall spending by about $64.5 million, reflecting about $53 million in administrative spending cuts and about $11 million in service cuts. The FY 2027 adopted budget totals $1.75 billion, with $1.14 billion available for service, operations, capital/maintenance projects and other requirements. The budget relies on $127 million in reserve funds to close the gap between expenses and revenues.
The adopted budget will be posted here in July.
TriMet’s Approved Budget for fiscal year 2027 (July 1, 2026–June 30, 2027) continues to respond to inflationary pressures, including rising costs and reduced fare revenues from anticipated service cuts and depressed payroll tax revenue due to Oregon’s high unemployment rate. The ongoing use of reserve funds will help to preserve TriMet’s core transit service essential to our riders, employees and the regional economy.
The Approved Budget reflects the initial measures TriMet has taken to address the annual budget shortfall. It does not reflect upcoming cost-cutting efforts including the service changes proposed to take effect Aug. 23, 2026, since the TriMet Board will not vote on the changes until April 22, 2026.
Also, TriMet leadership is currently finalizing another round of internal spending cuts as well as a staffing reduction that will include more layoffs.
Those service and internal spending cuts will be included in the FY2027 budget when it goes to the TriMet Board for adoption in May. Because of that, the FY2027 Adopted Budget is expected to come in less than the current Approved Budget.