Bus

MARTA ARRA funds reallocated to mend deficit

Posted on May 27, 2009

At a board meeting on Wednesday, the Atlanta Regional Commission (ARC) approved the $25 million reallocation of ARRA stimulus funds tothe  Metropolitan Atlanta Rapid Transit Authority (MARTA). Pending approval by the Georgia Regional Transportation Authority and the signature of Gov. Sonny Perdue, the proposal enables the authority to address its budget deficit and avoid making cuts in service to balance its Fiscal Year 2010 budget (FY 2010).

MARTA, in turn, will reallocate $25 million of its capital dollars to fund transit-related projects in its service area. The ARC's Transportation and Air Quality Committee proposed the funding swap after the Georgia legislature failed to pass critical legislation providing transportation funding and permitting MARTA access to $65 million in its capital reserve fund to address the operating deficit. 

"MARTA is extremely grateful to the members of ARC for their willingness to step forward to help keep MARTA moving. I want to thank our regional partners for making this funding reallocation possible," said MARTA GM/CEO Beverly A. Scott, Ph.D.  "This one time funding infusion will help keep us afloat next year. But, the criticality of increased state/regional transportation funding for future years is absolutely urgent. We must take action to address this problem." 

The Authority will allocate this one-time $25 million payment to preventative maintenance, which is a designated use of stimulus funding under federal guidelines.

MARTA staff will present their recommended FY 2010 budget proposal to the Board of Directors at their monthly Business Management Committee meeting on Thursday.

 

View comments or post a comment on this story. (0 Comments)

More News

Registration extended for relationship-building event, TBX 2019

Senior-level transit and paratransit employees who qualify will receive a full grant to attend that includes travel and education.

California's SamTrans to study express bus service feasibility

Service aims to improve mobility options and ease freeway congestion in San Mateo County and launch as a pilot in mid-2019.

New Flyer to provide 10 60-foot buses for ABQ Ride

The city issued a recommendation of award for 60-foot, articulated, five-door clean diesel buses to New Flyer under a 2016 solicitation.

ARBOC's Spirit of Equess passes Altoona Testing

Currently available in diesel or compressed natural gas propulsions, the vehicle offers many of the capabilities of a heavy-duty bus, but retains all the benefits of a mid-level vehicle.

First Transit awarded California operations, maintenance contract

Will provide the City of Visalia with day-to-day operations and oversight for 87 vehicles, employing 130. 

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation