April 3, 2012
The statewide results, which showed 34% of respondents opposed using state dollars to plug the transit system’s budget gap and 26% were undecided or did not know, came as a surprise to analysts, who expected wider opposition to state intervention.
October 27, 2011
The agency began its budget process three months ahead of schedule to begin developing options to respond to a projected $12 million to $17 million shortfall. The agency's FY12 operating budget is $444 million.
December 17, 2010
Revenues expected through 2023 are $3.9 billion, or 25 percent, lower than forecasted in 2008 when voters approved the ST2 expansion plan. The ST2 plan included flexible provisions for delivering the projects during economic downturns including reducing the scope or delaying projects.
December 17, 2009
The board also authorized the MTA to schedule public hearings regarding some of the service changes included in the budget. The budget does not include a fare increase in 2010, adhering to the schedule identified with the Legislature in the spring.
November 11, 2009
Commitments to reduce costs up to a total of $1 million on current contracts.
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