
The state’s finance committee chair says the bill would generate $792 million, while also reducing the state’s administrative fee from 10% to 1%, which would create another $397 million, bringing the total of the bill to $1.2 billion in funding.
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Introducing alcohol ads could boost advertising revenues by $1.5 million to $3 million, the report said.
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The deal, which could be voted on by the legislature as soon as next week, isn’t perfect but long overdue, said Gov. Brown.
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The proposal to cut the weekend service for a year, which had been heavily criticized, was among a number of options on the table as the public transit agency looks to close a $42 million budget gap.
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Budget cuts are achieved by zeroing out federal support for Amtrak’s long-distance train services, limiting federal funding for the FTA’s Capital Investment Program to projects with an existing FFGA, and eliminating funding for the TIGER discretionary grant program.
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Under the Administration’s proposal, the DOT's funding would be cut by 13%, to $16.2 billion, and limits funding for the Federal Transit Administration's Capital Investment program, eliminates funding for the Essential Air Service program, and ends federal support for long-distance Amtrak trains.
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GM Paul J. Wiedefeld’s revised plan would increase rail, bus, and parking fares for the fiscal year that begins July 1, as originally proposed.
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In a letter sent Friday, the same day a decision was due, the agency said it was deferring a ruling so the project could be considered as part of President Donald Trump’s budget. No timeline was given in the letter.
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Agency to spend $64.6 million on contractors in the fiscal year beginning in July, which is $17.2 million more than the budget for the current fiscal year.
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By expanding current rail systems, Miami-Dade could add about 30 miles of track for less than $4 billion, according to the latest estimate.
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