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Rail News: Passenger Rail
2/5/2010
Rail News: Passenger Rail
MARTA seeks public feedback on FY2011 budget, cost-cutting options
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The Metropolitan Atlanta Rapid Transit Authority (MARTA) will hold a series of community forums this month to gather input on its fiscal-year 2011 budget, which takes effect July 1, and discuss a looming deficit.
Last year, the agency used one-time federal stimulus funds to balance the budget. However, sales tax revenue — which accounts for 52 percent of the operating budget — has continued to decline.
MARTA is facing a $120 million budget shortfall and, “without a significant and immediate additional investment in public transit,” will have to reduce its budget by 25 percent to 30 percent, agency officials said in a prepared statement. Addressing the shortfall could mean “significant transit service cuts and employee layoffs,” they said.
Last year, the agency used one-time federal stimulus funds to balance the budget. However, sales tax revenue — which accounts for 52 percent of the operating budget — has continued to decline.
MARTA is facing a $120 million budget shortfall and, “without a significant and immediate additional investment in public transit,” will have to reduce its budget by 25 percent to 30 percent, agency officials said in a prepared statement. Addressing the shortfall could mean “significant transit service cuts and employee layoffs,” they said.