VRE’S BUDGET CYCLE
Each summer we begin preparing the budget for the following fiscal year based on known factors and educated estimations.
In the fall, we present information to the VRE Operations Board and begin the discussion on expected costs, revenues, priorities, and options for achieving a balanced budget while delivering a quality service.
The VRE Operations Board is asked to adopt the recommended budget and refer it to the Commissions. The Commissions - Potomac and Rappahannock Transportation Commission (PRTC) & Northern Virginia Transportation Commission (NVTC) - then review the budget and refer to the jurisdictions for their review and adoption.
What this Means to You as a Rider
We carefully and thoughtfully construct our budget, and we look for ways to further reduce costs throughout the process. While we do all we can internally to control costs, there are factors beyond our control that will increase our costs year after year. These factors include the implementation of a federally mandated Positive Train Control system, and contractual increases in track access and train operations. Our fiscal year starts July 1, which correlates to any necessary fare increases.
Virginia Railway Express (VRE) will hold a series of public hearings to solicit comments on a proposed fare increase that will average approximately 3% over current fares.
The VRE Operations Board will act on the FY2020 Budget, which includes the proposed fare increase, on December 14, 2018. If adopted, the fare increase would take effect the first week of July 2019. The VRE Operations Board meets at 9:00 am at the PRTC Administrative Offices 14700 Potomac Mills Rd, Woodbridge. Meetings are open to the public and time is provided for public comment.
See locations below to attend a public hearing near you.
The public hearings are conducted in locations accessible to persons with disabilities. Individuals with disabilities who require special assistance or need to request a sign language interpreter, please contact Lucy Gaddis by e-mail at firstname.lastname@example.org or call at (703) 838-5433 or TTY (703) 684-0551 at least ten business days prior to the public hearing you’re planning to attend. For information about the VRE Operations Board, visit: vre.org/about/board
Comments: Written comments will be accepted through Friday, November 23, 2018. Written comments can be mailed to: Public Comment, 1500 King Street, Suite 202, Alexandria, Virginia 22314. Comments may also be submitted via email to email@example.com or via fax at (703) 684-1313.