News Tagged With: financial-issues
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November 19, 2013

As Kansas transit struggles, improvements may cost $25M

Wichita Transit has raised fares and cut service to stay afloat as demand for the system increases. Riders are calling for improvements such as more frequent rush-hour service, and longer operating hours, but those may cost about twice the agency’s current budget to implement.


August 23, 2013

Kansas bus system may run out of money in 2015

Wichita Transit’s financial problems originated in late 2011, when a rate increase significantly reduced ridership. The city of Wichita has committed a little more than $1.8 million to the transit system through early 2015.


February 12, 2013

Metrolink exec quits in wake of accounting problems

Chief Financial Officer resigned over an internal report that claimed accounting irregularities and poor management and record-keeping. Agency does not have enough cash reserves to meet its current obligations, according to the report.


September 11, 2012

RIPTA halts fleet paint job plans amid cost concerns

Embattled CEO Charles Odimgbe, who was placed on administrative leave last month while the agency's finances are being investigated, ordered the new color scheme, but did not seek the approval of the agency’s board of directors, a RIPTA spokesperson said.


August 20, 2012

S.C. State presses forward with transportation center

Even with severe budget issues, the university continues to hold aside $1.6 million from its 2012-2013 budget for construction of the next building in the troubled complex.


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METRO Magazine - August 2013

METRO Magazine
Here are the Highlight:
  • Paratransit Survey: Operators Grapple with Funding Retention
  • Temsa Vehicles Bring Smoother, Quieter Riders to U.S. Market
  • Ridership Growth Spurs Twin City’s Transit to Expand Services
    And much more…
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