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The $1.38 billion budget includes efficiency reforms and 1,000 new customer-facing jobs. This is the third consecutive budget that preserves capital investment in the transit system without diverting capital funds to balance the operating budget, a past practice that stunted critical infrastructure projects.
Read More →Moody’s Investors Service cut the Aa3 rating on $2.9 billion of the agency's sales tax revenue bonds one notch to A1, citing diminished political will to raise revenue amid growing capital needs. The transit agency countered that it has no plans to seek additional funding, and that sales tax, fare and other revenue is increasing.
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Reflects the positive impacts of operational efficiency reforms by CTA management to reduce wasteful spending and manage day-to-day operations more efficiently. The budget also includes the 1,000 customer-facing jobs the CTA created in 2013 to better serve passengers.
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Last year at this time, the council approved an increase of $6 million for the 2013 budget, which allowed IndyGo to make noticeable upgrades to local bus service.
Read More →The administration’s Recommended Budget proposes to reduce the fares paid by individual riders by $1. According to the memo, the cost of the fare reduction was originally estimated at $500,000, but a budget analyst “mistakenly increased the revenues instead of decreasing them."
Read More →The approved fare restructure includes a phased approach for 2014 and 2015 that will eliminate the complicated zoned-fare structure for MetroRail, streamline reduced fare options and increase some pass prices.
Read More →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.
Read More →The FrontLines 2015 program has more than doubled the Utah Transit Authority’s system, opening four new rail lines and extending one existing line by 45 more miles.
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See images of the new Utah Transit Authority TRAX Line, which will connect to the existing Blue Line in Sandy and run through Draper to 146000 South.
Read More →The first-of-its-kind plan comes amid projected deficits of $240 million a year through 2016.
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