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The new project business plan shows that the project costs over a 20-year construction period will be much higher than the initially projected $43 billion. However, it is forecast to be profitable even with low ridership numbers and would not require public operating subsidies.
Read More →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.
Read More →Money can be saved by merging administrative functions, cutting premium benefits and changing guidelines that determine the employment terms for transit operators.
Read More →Expecting 13 percent more commuters to use public transportation next year. Projected revenue increases are based on an expected rise in TRAX ridership — and higher fares — after the completion this summer of two highly anticipated light rail projects.
Read More →The use of personal vehicles will be discouraged. Detailed reimbursement forms will include beginning and ending odometer readings listing all locations visited, along with a map that shows miles traveled.
Read More →As the Chicago Transit Authority prepares to release its 2012 budget, it also revised its sick and vacation policies. The personnel cuts will save the agency approximately $22 million annually at a time when the agency is facing a $277 million deficit. The sick and vacation leave policy changes will save the agency an estimated $15 million over the next six years.
Read More →Plans to consolidate three of its core services from centers in different parts of Baltimore in a downtown hub under a $15.4 million contract to integrate and update operations.
Read More →In an effort to close a $101 million shortfall in its 2012 operating budget, the agency will cut unionized and non-unionized positions. Front line, unionized positions will be eliminated through attrition.
Read More →The budget maintains and improves TheRide's core services, appropriately funds TheRide's 2012 work plan and allows TheRide to continue to support the implementation of the countywide Transit Master Plan.
Read More →Columbia Mayor Bob McDavid will appoint a student task force, which will focus on designing new cost-efficient, student-friendly routes for the transit system.
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