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Rail News: Passenger Rail
9/8/2010
Rail News: Passenger Rail
Denver RTD schedules 16 public meetings to discuss belt-tightening measures
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The Regional Transportation District of Denver (RTD) will hold 16 public hearings this month to discuss a proposed action plan aimed at closing an $18 million budget deficit for fiscal-year 2011.
The action plan includes a proposed fare increase; possible service reductions; a third consecutive year without salary increases; hiring limitations; using some operating reserve funds; continuing fuel cost hedging, voluntary staff furloughs; exploring new revenue generating opportunities; and establishing a board financial stability committee to determine the best way to expand future resources.
The board is expected to make a final decision on belt-tightening measures at an Oct. 26 meeting.
The action plan includes a proposed fare increase; possible service reductions; a third consecutive year without salary increases; hiring limitations; using some operating reserve funds; continuing fuel cost hedging, voluntary staff furloughs; exploring new revenue generating opportunities; and establishing a board financial stability committee to determine the best way to expand future resources.
The board is expected to make a final decision on belt-tightening measures at an Oct. 26 meeting.
