Bus

Pittsburgh Port Authority adopts $333M balanced budget

Posted on June 25, 2012

Port Authority of Allegheny County's board of directors adopted a $333 million operating budget for Fiscal Year 2013. The budget is balanced, assumes no additional outside funding and includes a fare increase set for July 1 and a 35% service reduction scheduled for September 2.

The Fiscal Year 2013 budget may be amended if changes are made to Port Authority’s operating funding or expenses.

"We continue to work with state, county and union leadership on a solution in the hopes of avoiding the September service reductions," said Port Authority CEO Steve Bland. “Collectively we recognize the loss of 46 transit routes would be devastating to our community and to the local economy.”

This year's operating budget contains $333 million in total expenses, down from $370.2 million total expenses in Fiscal Year 2012. View a presentation on the budget here.

The agency also approved capital improvement budgets for two years. The Fiscal Year 2012-13 budget totals $138 million and Fiscal Year 2013-2014 budget totals $135 million. The Fiscal Year 2013 capital budget has been amended from an original projection of $149 million, deferring additional bus purchases, and park and ride expansion.

Operating and capital improvement budgets serve different functions. The capital budget reflects how Port Authority maintains its extensive system, including more than 26 miles of light rail tracks, nearly 15 miles of busways and roughly 800 vehicles. Capital funding cannot be used for operating expenses.

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

More News

National Express takes over operation of Merced's The BUS

The Bus offers fixed-route and paratransit services to the communities of The Joint Powers Authority of Merced County’s seven member agencies, including the Cities of Atwater, Dos Palos, Gustine, Livingston, Los Banos, and Merced, and the County of Merced.

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.

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