Bus

IndyGo recommends further service adjustments

Posted on May 20, 2010

The Indianapolis Public Transportation Corp. (IndyGo) is recommending service adjustments to accommodate a dramatic shortfall in its 2010 property tax distribution. Property tax is IndyGo's primary source of local revenue, which accounts for about 30 percent of its total annual budget: $53 million.

In preparation for some expected reductions in revenue and unplanned expenses, IndyGo cut a half million dollars worth of service earlier this year. Fiscal analysis of this current shortfall indicates that it must cut $3.2 million in expenses in order to maintain a balanced budget for 2010.

The proposed service changes will also help IndyGo address its 2011 budget, which is likely to be affected with similar reductions in state and local revenue. As with 2010, the 2011 budget will rely on certain assumptions related to revenue and expenses. These assumptions include increases in fuel costs and employee benefits despite reduced revenue from local property tax and State PMTF (Public Mass Transportation Funds).

IndyGo will hold two public meetings on Thursday, with the proposed service changes possibly taking effect in mid-July.

 

 

 

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

More News

Alexander Dennis wins award for excellence in international trade

Recipients were nominated and selected by the Department for International Trade, with the awards presented at a gala in Stirling, Scotland by Dr. Liam Fox, Secretary of State for International Trade and President of the Board of Trade.

San Francisco commits to all-electric bus fleet by 2035

Muni is developing “Green Zones” to test current hybrid vehicles and their ability to run only on battery power.

U. of Colo. to host New Flyer battery-electric bus demo

The event will occur on Friday, May 18 from 1 p.m. to 3 p.m. at the university’s Sustainability, Energy, and Environment Complex.

D.C. Metro wins top honors at 2018 APTA Int'l Bus Roadeo

Best Transit Bus Operator, Maintenance Crew, Grand Champion and Customer Service Challenge winners named.

Last chance to apply for METRO's 2018 Innovative Solutions Awards

Applications can be submitted either by the operation or the solutions provider and will be judged by our BusCon Advisory Board, with winners recognized at BusCon’s Award Breakfast on Wednesday, Oct. 3.

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

Please sign in or register to .    Close