News Tagged With: budget-deficit
1-10 of 11

April 16, 2012

Iowa seniors’ service ends contract with HIRTA

The agency will resume senior transit operations after Heartland Senior Services discontinued its contract with the agency, in order to deal with budget deficits caused by substantially rising food and fuel costs.

March 28, 2012

MBTA unveils plan to increase fares, decrease service

The plan, which will be presented for approval to the board of directors of the MBTA, also includes $61 million in one-time revenues that must be approved by the state Legislature to help close the agency’s $159 million deficit.

March 21, 2012

S.F. MTA lays off execs to save $2M yearly

Twelve staffers were let go. The agency is $30 million over its current budget and facing projected deficits of $53.2 million over the next two years.

September 12, 2011

$1M bus system deficit prompts Missouri U. to turn to students

Columbia Mayor Bob McDavid will appoint a student task force, which will focus on designing new cost-efficient, student-friendly routes for the transit system.

June 28, 2010

MARTA board approves FY 2011 budget

Totaling $710.44M, the budget includes a net transit operating budget of $389.64 million and a total capital budget of $320.8 million, with $132.8 million allocated for debt service.

April 1, 2010

Cleveland RTA officials question union priorities

Last week, members of the Amalgamated Transit Union, Local 268, rejected the terms of a recommended agreement by a fact-finder, appointed by the State Employee Relations Board, to settle a contract dispute with RTA.

January 21, 2010

CTA: Ridership down from 2008, higher than 2007

Will implement service reductions next month as a result of lower than anticipated revenues due to the sluggish economy.

December 14, 2009

N.Y. MTA 2010 budget proposal cuts payroll, services

Proposal addresses a $383 million gap that had developed over the past two weeks due to several significant unfavorable developments, including a $143 million state budget cut.

October 14, 2009

Chicago Transit unveils budget recommendations

Identified three areas that have contributed to the shortfall: declining public funding, union contracts and pension obligations.

June 26, 2009

SFRTA passes amended Tri-Rail budget

The budget that was passed uses the total county contributions to maintain service. The mandated amounts include $1.567 million for operations and $2.6 million in tax contributions.


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