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Due to an 11% increase in sales tax revenue, Pierce Transit plans to cancel a 28% cut in service hours that was slated for Sept. 29. The transit system will also forgo eliminating nearly 84 jobs as planned.
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While operating revenues climbed 11.5% in the last three years, its health care and pension costs rose nearly 35%. Meanwhile, worker salaries have remained roughly flat for more than three years. These expenses are also eating into money budgeted for upgrades to expand service.
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The agency is trying to broaden its strategic direction amid budget issues. It is conducting a trial run of the trolley through September, and is getting funding support for the project from local business groups and the City of Gig Harbor.
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The board approved a $1.941 billion operating budget and a $1.228 billion capital program for the fiscal year that started July 1, 2013.
Read More →The proposed budget allocates $426.9 million for operations and $430.5 million for capital programs, including $141.1 million for debt service.
Read More →The spending plan keeps fares at current levels, however, Metro CEO Art Leahy has urged the board of directors to begin discussing fare restructuring for future years.
Read More →The $485 million operating budget, which will take effect July 1, 2013, includes accelerating new bus purchases; increasing bus service on 14 lines; increasing light rail vehicle and track maintenance; and improving lighting and station renewal.
Read More →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.
Read More →Includes $50 billion for immediate investments to support critical infrastructure projects, such as improving America’s roads, bridges, transit systems, border crossings, railways and runways,
Read More →Because of the agency’s budgetary problems, an APTA review recommended it cut or raise rates on a program that provides free transportation for college students, whose colleges pay an annual fee to participate.
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