September 25, 2012

MARTA audit urges new revenue sources

ATLANTA — According to a recent audit, the Metropolitan Atlanta Rapid Transit Authority (MARTA) should launch more aggressive advertising, charge parking fees and look to outsource up to a dozen functions to bring new revenues to the cash-strapped transit agency, the Atlanta Business Chronicle reported.

A 114-page draft report compiled by KPMG LLP and released Monday concluded that MARTA likely will exhaust the reserves it has been drawing down to stay in business by fiscal 2018 and faces an estimated $7.1 billion in unfunded capital needs through fiscal 2021.

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