Public transit agencies are increasingly expected to support smart city goals, but the existing assessment tools often examine transit technology, urban design, environmental performance, or service quality separately. This paper develops a multidisciplinary framework for assessing how ready a public transit system is for integration into a smart city environment. The framework organizes readiness into eight dimensions: technological integration, accessibility, mobility, sustainability and environmental impact, data security and privacy, resilience and adaptability, community engagement and feedback, and safety, security, and rider comfort. These dimensions are further divided into operational subcategories that can be examined using quantitative indicators, public documents, and expert ratings. The framework is applied to Austin, Texas, using CapMetro service information, static GTFS data, census and ACS data, public agency documents, and a short expert rating exercise. The Austin case indicates relatively stronger performance in sustainability and technology adoption, supported by electric and hybrid fleet investments, mobile fare payment, and real-time vehicle information. Lower scores are observed in resilience, community feedback, mobility, and spatial accessibility, particularly in areas where peripheral neighborhoods have limited stop coverage or long scheduled headways. The paper contributes a practical screening tool that can help planners identify where public transit systems are aligned with smart city objectives and where additional investment, governance, or data transparency is needed.