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It would cost between $50.3 million and $80.1 million to cancel the project, while by comparison, it would cost between $104.6 million and $105.7 million to complete it.
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The excess amount was $349,632 over a four-and-a-half-year period, according to a state auditor. An untrained employee and overly complex accounting systems were to blame for the payment mistakes.
Read More →Of the 30 evaluated applications, none had adequate documentation to show that the applicants needed the service.
Read More →While local sales tax revenue provided the majority of the agency's $275 million budget in 2010, it’s not clear that the agency will have the revenue required to operate the commuter and light rail extensions, which are currently under construction.
Read More →According to Controller Wendy Greuel’s analysis of a 2002 contract Los Angeles held with CBS Decaux, the city moved slowly on permitting street furniture, which decreased the ad revenue the city could earn.
Read More →Agency will receive $72.6 million as it works toward addressing concerns raised in an ongoing FTA audit.
Read More →The report found the rate of unscheduled absenteeism for Muni operators is 15 percent, compared with 11 percent in Philadelphia, 6 percent in Los Angeles and 4 percent in Seattle.
Read More →Agency successfully extricated itself from two-thirds of these lease arrangements and is working diligently to resolve those few which still remain in effect. Even in the worst-case scenario, MARTA will wind up with a net profit.
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