The ordinance increases the capital budget from $599.5 million to $649.7 million.
Read More →While Gov. Jerry Brown’s proposed budget, released last week, does not include cuts to transit, a spokesman for a San Francisco transportation and planning agency cautioned that a fuel tax swap approved last year may take $2.5 billion from transit.
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Cuts could be as severe as a reduction in service to 48 trains that would operate only during the weekday commute. All other service would be eliminated including: weekday service outside the commute peak, weekend service and service south of the San Jose Diridon station. The schedule also would require the suspension of service at up to seven stations.
Read More →The $1.4 billion operating budget for Fiscal Year 2012 maintains the current level of rail, bus and paratransit services. The agency is doing more, while becoming more resource efficient. More than 91 cents of every Metro operating dollar directly funds core services, with only 9 cents funding support functions.
Read More →After an attempt by the Delaware River Port Authority to sell its commuter train line failed last month, the agency considered selling the line to a private buyer. Officials say that with $45.3 million in operating costs and only $24.8 million in revenue projected for 2011, the outlook is not promising.
Read More →The city's action violates the 38-year funding contract with SORTA. Multiple legal opinions from the city's attorneys since 1973 have protected the transit fund from the city's attempts to use the tax revenue for non-transit purposes.
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The first section of the Green Line opened in September 2009 and connects Pearl Station on the east side of Downtown Dallas to MLK, Jr. Station on the west side of Fair Park.
Read More →Revenues expected through 2023 are $3.9 billion, or 25 percent, lower than forecasted in 2008 when voters approved the ST2 expansion plan. The ST2 plan included flexible provisions for delivering the projects during economic downturns including reducing the scope or delaying projects.
Read More →Transit officials knew that The Tide project would cost more than the $232 million figure they gave to the government back in 2007.
Read More →The Charlotte Area Transit System’s planned light rail extension could cost as much as $1.1 billion. Officials are looking at cutting stations, amenities and three-car platforms.
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