January 21, 2014
Transportation officials recommended increasing fares gradually by up to 117% over the next eight years to address what could potentially be a $225 million debt for the transit system in 10 years.
September 12, 2013
Would eliminate 9 of its 13 rail lines and shorten two others, close a subway line, and convert trolley routes to bus lines, if the state doesn't come up with more money for public transit this year.
May 1, 2013
Project funding gap is in part due to bids to install tracks, build shelters and buy ticket machines being $26 million to $44 million higher than estimated by the city.
March 27, 2013
As a result, the Portland Bureau of Transportation faces a shortfall in funding the streetcar's $8.9 million annual operating budget.
November 14, 2011
University representatives on the City of Columbia’s Transit System Task Force advised Mayor McDavid against increasing the student fee for the system. The Mayor says if Columbia Transit does not generate more revenue, the city could be forced to cut $800,000 of funding.
September 20, 2011
In an effort to close a $101 million shortfall in its 2012 operating budget, the agency will cut unionized and non-unionized positions. Front line, unionized positions will be eliminated through attrition.
July 12, 2011
MBTA hopes to raise revenue to fill a projected $150 million budget gap for the 2013 fiscal year.
May 23, 2011
The public hearing was planned in anticipation of a substantial shortfall in the agency's working capital for the fiscal year ending June 30, 2012.
May 20, 2011
The bus route and schedule cuts will be announced next week and presented to the board for approval before going into effect in September.
May 12, 2011
The new policy raises fares by .25 cents every five years at two-year and three-year intervals. A re-evaluation of the agency's finances is mandated before any of the scheduled increases take effect.
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