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

Google launches carpooling app using Waze

Will use Waze’s navigation system to identify which routes cars take most often, and try to pair drivers with people looking to travel to the same destinations.

200 more countdown clocks coming new N.Y. bus stops

So far, just five bus stops in Brooklyn, Manhattan and Staten Island provide arrival times, though smartphone-equipped riders can track their bus on transit apps and the MTA’s Bus Time feature.

Denver RTD unveils its Flatiron Flyer BRT vehicle

The Flatiron Flyer buses, which were supplied by MCI and can carry 57 passengers each, are specially branded with a unique blue-and-sunrise-orange paint scheme designed by RTD and a U.S. 36 corridor stakeholder group.

Safe Fleet acquires Hadley's bus, motorcoach mirror product lines

The Hadley mirror business will remain in Elkhart, Ind., but will relocate from the Hadley site to its own production facility over the next few months. The management, engineering, customer service, administrative and production personnel of the Hadley mirror business will remain with the business and transition to Safe Fleet.

BusCon returns to Indy

Each year, more and more people look forward to BusCon as a chance to network, learn about new trends and technology, and gain the tools that are necessary to revitalize the way they tackle their own operations.

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