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

Maine's Greater Portland Transit adds pass for high school students

The Transit Pass allows free and unlimited use of METRO bus routes during the academic school year, including weekends and break periods.

San Francisco introduces interactive, online performance dashboards

The site contains results from 13 key areas, including the percentage of on-time performance, mode share, crime stats, the agency’s carbon footprint, collision data and other information aligned with the SFMTA’s strategic plan.

ABC founder, industry icon Clancy Cornell passes

The founder of ABC Companies, Clancy grew a small transport service — Faribault Bus Service — into an industry force leaving an indelible list of accomplishments and memories in his path.

Chicago to buy 125 new buses per Mayor's 'modernization' plan

The new bus order is part of a contract CTA awarded to Nova Bus in January 2013. The new buses will replace the oldest vehicles in the fleet – the Nova 6400-series buses, which were purchased between 2000-2002.

Allied Specialty Vehicles names Furman to VP sales post for ASV Bus

Shawn Furman has been named southeast regional VP of sales for ASV Bus. Furman will represent ASV’s commercial, transit and school bus brands and report to John Walsh, vice president of sales and marketing for ASV Bus.

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 resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

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

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close