Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




  railPrime
            View Current Digital Issue »



Rail News Home Passenger Rail

5/21/2010



Rail News: Passenger Rail

LACMTA adopts $3.8 billion annual budget


advertisement

Recently, the Los Angeles County Metropolitan Transportation Authority’s (LACMTA) board adopted a $3.8 billion budget for fiscal-year 2010-11.

The spending plan represents a $47 million cut from the FY2009-10 budget, but still includes funding for various improvements, including transit projects, said LACMTA officials in a prepared statement.

Projects largely are being funded with federal stimulus money and a new transit sales tax, officials said.

For the second year in a row, LACMTA’s budget proposes no wage increase, but the agency is negotiating new contracts with some of its major labor unions this spring.

The agency had faced a $250 million operating deficit, but balanced the budget by cutting administrative costs and eliminating 20 percent of LACMTA’s non-contract staff, the equivalent of 240 full-time positions.

In addition, the budget reflects a fare hike that takes effect July 1. The cash fare will increase 25 cents to $1.50; day pass will increase by $1 to $6; weekly pass will rise $3 to $20; and monthly pass will go up $13 to $75.

In the coming fiscal year, LACMTA plans to purchase new rail cars, continue construction funding for the Expo light-rail line from downtown Los Angeles to Culver City and expand bus services.