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Totaling $710.44M, the budget includes a net transit operating budget of $389.64 million and a total capital budget of $320.8 million, with $132.8 million allocated for debt service.
Read More →On Tuesday, the authority's board will discuss service cuts, fare increases and layoffs that could fill a $50.6 million gap in next year's budget caused by rising personnel costs and falling state assistance.
Read More →BART could temporarily lower fares or use the up to $5 million surplus to make improvements to equipment and facilities. Another possibility is contributing to the reserve fund, which is currently empty.
Read More →Joseph M. Casey said insufficient state funding from a law forced SEPTA to cut $110 million from its Capital Budget for Fiscal Year 2011.
Read More →The cuts reduce service 7.2 percent, which the agency hopes will save approximately $11 million a year.
Read More →The fare changes are expected to be enacted system-wide on June 27. The new fares will generate $108.7 million to help close a $189 million shortfall and build a sound budget for the new fiscal year.
Read More →The budget also includes funds to restore transit services cut in 2009 and freezes on salaries and hiring.
Read More →For the second year in a row, the budget assumes no wage increase, however, Metro is negotiating new contracts this spring with its major labor unions representing operators, maintenance employees and clerks.
Read More →The first phase occurred in October 2009. The second part would increase the regional day pass from $7.50 to $10 in October of this year.
Read More →Fiscal analysis of this current shortfall indicates that it must cut $3.2 million in expenses in order to maintain a balanced budget for 2010.
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