Bus

L..A. Metro approves FY2013 budget

Posted on May 29, 2012

The Los Angeles County Metropolitan Transportation Authority (Metro) adopted a $4.5 billion budget for the fiscal year beginning July 1, 2012 at the board meeting held at Metro headquarters.

Metro’s FY 2013 budget, which is balanced with no shortfall, does not propose raising fares. Metro's farebox recovery will stay at 28% — near the bottom of any major operator, with passenger loads also low compared to other transportation agencies in the same range.

The FY 2013 budget includes the following: $1.467 billion for transit operations; $278.5 million for deferred maintenance of Metro's rolling stock of buses and trains; $1.084 billion for construction of Measure R transit projects; $134.5 million for other capital improvements, such as bus maintenance facilities; $236.5 million for a robust highway program; $339.5 million for debt service obligations; and $974.7 million in subsidies distributed by Metro to fund Metrolink, regional operations and transit projects throughout Los Angeles County.

Against the backdrop of high gas prices, Metro will be offering commuters and others viable public transit alternatives with new light rail service on the Expo Line connecting downtown Los Angeles and Culver City and the Metro Orange Line busway extension to the Metrolink/Amtrak station in Chatsworth. Metro also will bolster express bus service on the Harbor Transitway and the I-10 between downtown and El Monte as the ExpressLanes congestion pricing demonstration project debuts

Metro CEO Art Leahy stressed a renewed focus on customer service with a strong emphasis on reliability, cleanliness and courtesy. Metro is purchasing hundreds of new buses and railcars and catching up on years of deferred maintenance for Metro's rolling stock. Stations will be cleaner, safer and there will be better signage so that customers who speak a multitude of languages can better navigate the Metro system.

The budget restricts hiring new employees except to fill positions needed to deliver Measure R projects and operate new services. Moreover, Metro has set in motion a program to recruit and train the next generation of managers and operations employees to allow for a smoother generational transition.

Metro funding comes largely from local transportation sales tax revenue along with transit assistance and grants from the state and federal governments, farebox revenue and other revenue sources such as advertising, land leases and commercial filming.

The FY 13 budget is $337.3 million or 8.1% more than the current $4.178 billion Metro budget. This reflects a significant expansion of the Measure R program in the next fiscal year. In the new fiscal year Metro will be spending $1.560 billion on Measure R projects and programs compared to expenditures of $1.278 billion this fiscal year. In addition, Metro will be spending $35.2 million to operate the new Expo light rail line in FY 13.

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

More News

Stertil-Koni reports record 2014 sales, honors top distributors

Company President Dr. Jean DellAmore saluted the efforts of the entire Stertil-Koni distributor network at its recent annual meeting and welcomed twelve companies into the company’s highly acclaimed “Million Dollar Club.”

Antelope Valley Transit experiments with digital bus ads

Other cash-strapped California transit agencies, facing rising operating costs, are watching the potentially lucrative test run with interest, as current state law restricts digital signage on buses to route and service information.

Calif. purchase incentives now available for New Flyer electric buses

The Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project was created by the California Air Resources Board to speed the early market introduction of clean, low-carbon hybrid and electric vehicles and is administered and implemented through a partnership with CALSTART.

REI receives New Flyer's gold 'Supplier' award

The company was recognized for exceeding delivery expectations for the fourth year in a row.

Luxury bus Leap Transit shut down for operating illegally

The startup was recently granted what’s known as the “authority to operate” — a precursor to an official license. But by driving its route between the Marina district and the Financial District without a license, regulators determined that Leap was breaking the law, according to SFGate.

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