As Austin’s economy grapples with a downturn in sales tax revenue, the city’s public transit provider, CapMetro, is poised to tighten its belt, proposing to cut its budget by approximately 20% for the upcoming 2024-25 fiscal year. According to a CultureMap Austin report, the new budget would fall to $704.8 million, a significant step down from the $871 million approved for 2023-24, and even further from the $902.8 million in the 2022-23 period.