Transit service is funded through three main sources: provincial contributions, local government contributions and passenger fares.
The total cost to run the service in 2023/24 was $431.9 million. Provincial contributions, which include operating contributions (transfers), amortization of deferred capital contributions, Provincial Health Authorities and the BC Bus Pass Program, accounted for $195.9 million or 45.4 percent of total funding.
Local governments contributed property taxation (transfers) totaling $111.4 million or 25.8 percent of total funding. Revenue from passenger fares (operations), advertising, investments, carbon credits and fuel tax totaled $124.6 million or 28.8 percent of total funding.
BC Transit by the numbers:
Total capital expenditures in 2023/24 of $158.0 million.
Provides services to over 130 communities across B.C. in collaboration with local government partners, including the Victoria Regional Transit Commission and regional hospital districts.
Contracts with 18 operating companies across the province, (9 private, 5 not-for-profit, 4 municipal).
Transports more than 54 million passengers annually.
Serves more than 1.9 million people in B.C.
Operates 57 transit systems – conventional, community, custom and paratransit.
Owns a fleet of over 1,100 high-capacity, heavy-, medium- and light-duty buses.
Total operating expenditures in 2023/24 of $358.4 million.
