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

First Transit awarded Philadelphia American Airlines shuttle ops contract

The company will transport passengers on the ramp side of the airport between all terminals serving the airline. The contract also includes preventative maintenance.

REV Bus Group partners with Schetky NW Bus Sales for spring events

Will present Champion Bus unit at Schetky booth at the Argentum Senior Living Executive Conference and Tradeshow (formerly ALFA) in Denver May 9 to 12.

XL Hybrids introduces cloud-based fleet analytics system

XL Link is currently measuring key performance indicators in vehicles equipped with XL3® Hybrid Electric Drive Systems for major fleets, such as the City of Boston, Yale University, AmeriPride Services and Montgomery County, Md., to name a few.

Truck plows into Las Vegas transit bus, injures 15

One truck passenger, a woman who wasn’t wearing a seat belt, is in critical condition with life-threatening injuries, while the driver and the other occupants of the truck were also hospitalized with nonlife-threatening injuries, including broken legs. Ten bus passengers also were sent to hospitals, but their injuries were minor or nonlife-threatening.

Haldex launches Midland value line brand in North America

Midland products today include actuators, air tanks, air coils and air tubes as well as electrical coils, clutch, fittings, glad-hands and water pumps.

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